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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In response to the spread of the coronavirus and its impact on the U.S. economy, the federal government took steps to help Americans get through the next several months on a lower income. If you have federal student loans, you don’t have to make payments until September 30, 2020. The Coronavirus Aid Relief, and Economic Security … Continued

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We don’t know exactly what college will look like in the fall, but student loans to get there just got cheaper. The interest rate on new undergraduate federal student loans will decrease to 2.75%, the lowest point on record, for the 2020-21 school year. That is a drop of 39% from 4.53% in 2019-20. The … Continued

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