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…
Tag: Direct Loans
Student Loan Payment Pause
On Friday, March 27, 2020, Congress and President Trump passed the CARES Act [Coronavirus Aid, Relief, and Economic Security Act], and millions of student loan borrowers gained a temporary reprieve from making payments until September 30, 2020. Additionally, as President Trump promised two weeks ago, student loan interest is also waived until September 30, 2020.…
Delicious Student Loan Relief
While Mom always warns us not to eat too much fast food, Burger King’s recent offer may change her mind. Given the historically record setting $1.5 Trillion total student loan debt, Burger King is offering 301 of the 44 million Americans with student debt some relief–up to $100,000 for one lucky person and $500 each…