If you have a student loan, here’s what happens when the Fed lowers rates

If you borrowed money to attend college, you most likely won’t feel any impact when the Federal Reserve cuts interest rates.

​That’s because most of the 45 million Americans with student loan debt have fixed interest rates, meaning the amount they pay is locked in for the life of their loan. Even then, the majority of borrowers have federal student loans, and Congress determines those interest rates, not the U.S. central bank.

Read more
https://www.bankrate.com/loans/student-loans/how-fed-rate-cut-impacts-student-loans/

Dr. J Real Talk

Consultant discussing business, ed tech, and life. Follow me on social media @DrJRealTalk ​