Interest rates are expected to be raised another 75 basis points by the Federal Reserve in September, with another increase likely by the end of the year, explains Midwest Bank President Chris Gavin:
In August, President Biden announced a three-part plan to cancel $10,000 of student debt for low to middle income families by providing targeted debt relief to address financial harms of the pandemic, make the student loan system more manageable for current and future borrows, and protecting future students and taxpayers by reducing the cost of college.
