Hard Times: Maybe Higher Ed Isn't Such a Safe Harbor

 "Though federal student loans are doled out with fixed rates (meaning existing loans won’t be affected), private loans—which represent about 8% of the market with some $131 billion in loans outstanding—often come with variable rates that tick up after Fed hikes. - Forbes, June 16, 2022

But the federal loans are still problematic because, you bet, the meter keeps going on the fixed rate of interest.

Usually in hard times - which seem to be on the horizon - youth takes refuge in higher education. That ranges from the undergraduate degree to graduate and professional ones. The time that might not seem such a safe harbor since there could be student loan debt which could remain docked in for a lifetime. 

Meanwhile, the interest rate is going up on everything from credit cards to mortgages. Cash is king.

Connect with Editor-in-Chief Jane Genova janegenova374@gmail.com. Conjure up magical results in your communications.

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