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What Lower Interest Rates Mean for You

The Federal Reserve announced a much-anticipated 0.5% interest rate decrease on September 18, 2024 - the first decrease since March 2020. Lower interest rates certainly sound positive, but what does the drop actually mean for consumers and borrowers? The Fed's rates serve as a basis for lenders' interest rates, which [...]

What Lower Interest Rates Mean for You2024-10-01T18:47:53-04:00

Comparing Private Student Loan Options

Should I choose a fixed or variable rate? Fixed Interest Rate A fixed rate loan is exactly as it sounds – the interest rate is fixed, or stays the same, for the entire life of your loan. Pros: You’ll know what your interest rate is and won’t have to worry about [...]

Comparing Private Student Loan Options2024-06-18T12:58:24-04:00

Steps to Take as Interest Rates Increase

The Federal Reserve announced an interest rate increase on March 16, 2022 - the first since 2018. But what does that mean for the general public? And what, if anything, do you need to do now? If you have loans or credit cards, the interest rate determines how much you [...]

Steps to Take as Interest Rates Increase2023-02-17T14:50:20-05:00

Fixed vs. Variable Rate Student Loans

When searching for private student loans, you may find some lenders offer both a fixed and a variable rate option. What does this mean, and what are the pros and cons of each? Fixed Interest Rate A fixed rate loan is exactly as it sounds – the interest rate is [...]

Fixed vs. Variable Rate Student Loans2023-02-17T02:29:17-05:00
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