Rochester, N.Y - Brittany Patton is a junior in college, planning ahead for how she'll soon pay back student loans that just keep getting more expensive.

"The first part of my college tuition, it's been the same and now it's going to go up,” Patton said.

Patton will apply for more loans this summer, when interest rates on federal student loans go up.

Loans issued to undergraduates for 2017-2018 will be up 4.45 % from the current rate of 3.76 %.

"I don't know if the return is going to be; if it's going to be what I want it to be; if all this interest is going to be accruing over the next four years," Patton said.

The hike won't just affect students like Patton.

Taxpayers will feel the pinch, too. Here’s how:

"Income based repayment program is where that could affect tax payers, because what happens is the term goes from 10-20 years and after 20 years if you still have federal student loan debt, it can be forgiven," Lynette Baker with the Consumer Credit Counseling Service of Rochester said.

Baker said those who have made 20 years of student loan payments equal to 10 percent of their income could qualify for the program and have the rest of their debt wiped away.

"It basically then becomes a tax payer burden and that's how it affects the tax payers," Baker said.

The good news?

"It's really going up less than 1%. It depends on how much your loan is. It could be 3, 4 or 5 dollars a month; it  could be more, depending on how much you have out there," Baker said.

Baker also said it will only impact certain students.

"It will only affect loans for fall and going forward. The interest rate on federal student loans is fixed when you take it out. They can't change it,” Baker said.

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