The Fed's Rate Hike: A Motorcyclist's Guide to Understanding Student Loan Interest Rates As a motorcyclist, you're accustomed to navigating uncertain terrain. But what about the financial landscape?
Specifically, how do interest rate changes affect student loan borrowers?
The Federal Reserve raises interest rates to combat inflation, which can be thought of as an economic "engine temperature" that needs to be cooled down. This process has far reaching effects on borrowing costs.