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 you need to do now? If you have loans or credit cards, the interest rate determines how much [...]
Once you’ve exhausted scholarships, grants, and federal student aid, you may need more funding to cover your tuition bill. Private student loans exist to help families fill the gaps left after using other forms of aid. But how do you determine the best fit for your situation? Below we break down two of the most common questions for borrowers. Should I choose [...]
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 [...]
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