Understanding Student Loan Interest Is Vital to Managing Your Debt. Here’s How It Works
January 28, 2022 – In a Business Insider article about student loan interest rates, Stacey MacPhetres, Senior Director of Education Finance at Bright Horizons EdAssist Solutions shares her insights on student loan interest rates work.
"A lot of people make the assumption that they will have one interest rate for all of their loans," MacPhetres says. "But you could have one rate your freshman year, different rate your sophomore year, and so on and so on. Understand that they are fixed-rate loans, but they in fact can change from year to year."
Read the full article here.