Federal student loan rates are fixed and set by a formula created by Congress that changes annually. Private student loan rates change more often and can be fixed or variable. Rates are based on lender preferences,

With repayment strategies and resources to prevent your debt from spiraling out of control, managing your student loan payments during a recession is entirely possible.

Student loans hurt your credit score? The climb back to a good credit range is doable if you make consistently smart and responsible financial choices.