Historic Low Student Loan Rates
What do today's historically low interest rates mean for parents and students that need to borrow to pay for college? When does it make sense to refinance student loans? Should student loan borrowers invest their loan proceeds to try to make some extra money by leveraging today's low rates?
Watch Ian & Scott with Mellen Money Management, a fee-only financial planning and investment management firm in Nocatee, FL. In this episode, they discuss the impact of today's historically low interest rate environment and what that means to student loan borrowers.
TIMESTAMP FOR EACH TOPIC
0:41 Where are student loan rates today?
4:22 When to consider refinancing
5:33 Do low rates encourage more people to take out loans?
7:53 How much do lower interest rates actually save you?
8:43 When do you actually receive your loan money?