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
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
If you’re waiting until the last minute to make a decision about college, you’re in good company — colleges are scrambling, too. Here’s a sample of what some schools are considering: Boston University plans in-person instruction. The California State University system will go remote. Columbia University will offer three semesters to “de-densify” its campus. Kent … Continued