Despite rising interest rates, federal student loans are still the most beneficial choice.
College students may be tempted to search for the lowest borrowing costs.
whenever it pertains to student loans at a moment when all Americans
are trying to find ways to reduce the deficit and combat inflation.
It is also logical! Four interest rate increases
have already taken place by the Federal Funds rate.
As of this writing in 2022, more increases are likely.
When interest rates increase, borrowing
the money becomes more cost prohibitive.
Which is exactly how student loans work since you are applying
for a loan first from the federal government.
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