
How the Federal Reserve impacts personal loans
The Federal Reserve just lowered interest rates for the first time in four years.
About the author
Pippin Wilbers is a Bankrate editor and a Certified Credit Counselor™. He joined the loans team in 2021, contributing work on personal, auto and student loan articles. Pippin is passionate about helping borrowers stay up-to-date and feel empowered to make the best choices in a changing and challenging borrower environment.
Pippin stays on top of industry news sources, such as TransUnion and Experian. Working with Bankrate's skilled reporters he analyzes industry data and the latest political moves and asks: "What does this mean for borrowers?"
Pippin wants you to know
These days, Pippin is working closely with reporter Lauren Nowacki to keep a close eye on changes to the federal student loan program. "Student loans are the first debt burden most people take on, and you have to start repaying them when your wages are the lowest they'll likely ever be," he notes. "The current chaos around repayment plans and student loan forgiveness is so destabilizing for peoples' finances. I want readers to have the clearest and most accurate information so they can proactively plan for whatever the future holds."
Pippin lives in Denver. Before joining Bankrate, he brought vital news to his community as a small-town newspaper reporter. In his spare time, he enjoys foraging for mushrooms, reading and dabbling in amateur entomology.
The better you understand how loans work and how lenders think, the better equipped you are to save on your loan.
— Pippin Wilbers
Multiple resources are available to help people find ways to improve their homes.
SAVE plan paused during litigation and MOHELA faces lawsuit for mismanagement claims.
In late June, two federal judges placed temporary injunctions on forgiveness through the Saving on A Valuable Education (SAVE) repayment plan following the U.S. Department of Education’s announced changes [...]
Payday loans are an easy way to get cash, but they have sky-high interest rates.
Current student loans news for 6/21/2024
What happens to your debt after you die? Bankrate explains.
Select private student loan borrowers may be eligible for student loan forgiveness through former servicer Navient. Plus, more sweeping student loan cancellation was announced for federal borrowers in [...]
You may be able to pay taxes with a loan, but you should find out if it’s the best option before doing so.