Life after graduation is always an unknown. But the coronavirus pandemic has added even more uncertainty for the nearly 4 million students expected to receive college degrees in 2019-20, according to the National Center for Education Statistics. “I feel like when you graduate, you go out into the real world,” says Stephanie Fallon, 23, who … Continued

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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

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Student loan borrowers were targets for scams before the coronavirus pandemic hit. The longer people struggle, the more desperate they become, and that’s when scammers and fraudsters thrive. “They’re using the same playbook, but more aggressively,” says Seth Frotman, executive director of the Student Borrower Protection Center, a Washington, D.C.-based nonprofit. There’s no single scam … Continued

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