Federal student loan interest just dropped to its lowest rate ever. The interest rate for undergraduate student loans disbursed after July 1 is 2.75%. It’s an almost 40% decrease from last year’s rate for 2019-20 loans, which was 4.53%. Graduate and PLUS loan interest rates are also at record lows: 4.30% and 5.30%, respectively. A … Continued
It’s a tough time to do your banking if you prefer going to a branch. Hours have been cut at many locations, and social distancing guidelines mean bank lobbies are limiting traffic — assuming they are open at all. For customers who absolutely need to visit branches, banks are taking steps to prevent the spread … Continued
Probably the last thing you want to think about during a crisis is working on healthy financial habits like saving money. But if you’re able to save, you can make your eventual recovery easier. “Every time you put some [money] away, you’re looking out for your future self,” says Saundra Davis, founder and executive director … Continued