Dear King,
I’m considering leveraging federal student loans to pay for college, but I’m worried the current student loan suspension will negatively affect interest rates in the future. Should I be worried?
Dear Worried,
The federal government was slashing interest rates even before the COVID-19 crisis.
The current student loan suspension and interest-rate freeze first enacted in March 2020 is set to end on August 31, 2022, but this should not influence new loan recipients.
Therefore, I would suggest moving forward with your loan options.
The best way to pursue a loan is through the federal government. They offer fixed interest rates, which means no surprises.
For more on student loan options, check out the student loan survival kit post.
Please reach out if you have any questions,
The King
