Last month, the Federal Reserve announced an interest rate hike for the first time in a decade. And December’s decision may be the first of many such hikes. San Francisco Federal Reserve President John Williams anticipates as many as five rate hikes this year – which would put the target federal funds rate at 1.4 […]

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The good news is that student loan interest rates did not rise quite as high as the Consumer Financial Protection Bureau predicted and that we wrote about in May. The bad news is they still rose significantly over what the rates were. Undergraduate loans were at 3.86%, graduate loans were 5.41% and PLUS loans were […]

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If your student loans are at high interest rates, refinancing may be a smart money idea. Consolidations, by contrast, offer no financial advantage. The difference is that refinancing pays off all of your old student loans (that are likely at several different interest rates) and the lender creates one larger loan at a (hopefully) more […]

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With interest rates on new subsidized loans set to double in just a few weeks, President Obama is getting more vocal about his desire for Congress to put the kibosh on the rate hike. To try and increase visibility around this issue, POTUS invited a handful of college students, graduates and members of the press […]

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