The record low 10-year Treasury yield could be good news for borrowers
A college education is now the second-largest expense an individual is likely to face in a lifetime — right after purchasing a home. To cover that cost,The rate on undergraduate Stafford loans is currently 4.5% for the 2019-2020 academic year but all federal education loans issued for 2020-2021 will be subject to new rates.note.
If the 10-year yield stays near 1%, federal student loan interest rates could drop significantly when they reset in the spring, saving student borrowers hundreds of dollars in interest. Other types of borrowing, including credit cards, small business loans and home equity lines of credit, are predominantly
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