Grads(lg).CMC2015

Challenging Employment Prospects for Class of 2021 Grads

Class of 2020 and 2021 college grads, anxious to shop their abilities amongst employers, will confront a complex labor market post the 2020 COVID-influenced economic meltdown.   As Class of 2021 graduates emerge from the chrysalis of college, seeking entry into the professional class, they may instead queue up behind the 45% of their Class of 2020 peers who are still…

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CMC_Debt(lg).2014

Student Loan Forbearance to End

Since March 2020, nearly 37.4 million people, or 90% of all student loan borrowers, stopped making payments under the loan forbearance provisions of the CARES Act. Additionally, all student loan interest has been suspended for the past eight months. However, since the current $900 billion stimulus bill does not extend the forbearance of student loans, the 42 million US borrowers,…

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Student Loan Interest Rates for 2020-21

Federal student loan interest rates for the upcoming 2020-21 school year will be set lower than the 2019-20 school year. The 2020-21 rates will be as follows: Undergraduate Direct Loans: 2.75% Graduate Student Direct Loans: 4.3% Parent PLUS Loans: 5.3% Student loan interest rates are set annually and apply to any loan taken during that school year. The interest rates…

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Trump Waives Student Loan Interest Until Further Notice

Updated: March 14, 2020 at 9:45 pm PST On Friday, March 13, President Trump worked to provide some fiscal relief for the 44 million Americans who’ve borrowed Federal money to attend college, including the thousands of college students attending colleges where normal university operations were suspended this past week: “To help our students and their families, I’ve waived interest on…

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