Fed lifts rates for 4th time this year but sees fewer hikes
The Federal Reserve raised its key interest rate Wednesday for the fourth time this year to reflect the U.S. economy’s continued strength but signaled that it expects to slow its rate hikes next year.
Obama signs student loan deal
WASHINGTON — President Barack Obama signed into law Friday a measure restoring lower interest rates for student loans, pledging the hard-fought compromise would be just
Senators ready to restore lower college rates
Senators are ready to offer students a better deal on their college loans this fall, but future classes could see higher interest rates.
Back to negotiations after student loan plan fails
WASHINGTON — The defeat of a student loan bill in the Senate on Wednesday clears the way for fresh negotiations to restore lower rates, but
As loan interest doubles, students face tough decisions
While Mississippi University for Women psychology major Kayla Tate finishes her coursework, she mulls what her next step will be. Graduate school is the front runner of her many options.
While she hasn’t had to rely on student loans so far, it seems likely she would need a loan to continue her education. As of today, the cost of a student loan has doubled.
Mortgage rates jump to 2-year high of 4.46 pct.
WASHINGTON — U.S. mortgage rates have suddenly jumped from near-record lows and are adding thousands of dollars to the cost of buying a home. The
Senators: Student loan interest rates to double
Student loan rates will double Monday — at least for a while — after a compromise to keep student loan interest rates low proved unwinnable before the July 1 deadline, senators said Thursday.
Neither party has cash for student loan rate fix
Incoming college freshmen could end up paying $5,000 more for the same student loans their older siblings have if Congress doesn’t stop interest rates from doubling.
Fed sends clearer signal on keeping rates low
The Federal Reserve sent its clearest signal to date Wednesday that it will keep interest rates super-low to support the U.S. economy even after the job market has improved significantly.