Since 2013, interest rates on federal student loans are tied to the financial markets, specifically the yield of the 10-year Treasury note yield at its May auction. With the yield 0.37% lower than a year ago, interest rates on federal loans have also gone down by that amount. Continue reading Student Loan Interest Rates Head Lower for 2015-2016 →

Not a lot of surprises here. For those with a student heading off to college this fall, remember the rule of thumb: keep your student loan debt to less than your projected first-year salary.

With college graduations starting to take place, many students who have borrowed to pay for college are entering the 6-month “grace period” on their student loans. During this time, no payments are required. Woo hoo, right? Continue reading Student Loan Payments During the Grace Period →

Robert Farrington of The College Investor has a great intro to student loans article here. If you or your student intends to borrow for college and you’re new to the process, it’s a must-read. One of the key points he makes cannot be repeated often enough: With a student loan, YOU are the collateral. As long as you are alive and kicking, you are required to repay the debt.

Once again, the BLS’ jobs report shows why college is a good investment, not just for individual students but for society as a whole. The April jobs report, released today, showed a rebound in job creation and further evidence of a consistent issue: Earning a college degree is the best insurance against unemployment. Continue reading BLS April Jobs Report Shows Benefits of College →