Why the May 13, 2021 10 Year Treasury Auction Matters to Student & Parent Loan Borrowers

Federal student loan interest rates, the cost of borrowing money to be paid at a fixed rate over the life of the loan, are set by adding 2.05% for undergraduate loans to the 10 Year Treasury Rate after the last May auction each school year. [For the upcoming 2021-22 school year, loan interest rates will be set after the May…

Continue Reading

Are we there yet?

No one knows when schools will reopen and “normal” life will resume. In the midst of the health emergency, ten states have simply closed all K-12 public schools and summarily ended their school year—Arizona, New Mexico, Oklahoma, Kansas, Indiana, Michigan, Alabama, Georgia, Virginia, and Vermont. However, for the other 40 states, the ending of school closures varies. Although there are…

Continue Reading

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…

Continue Reading