Watch CBS News

College

Interest on student save plan loans to resume on August 1st

If you have student loans a change to your payment could be coming in just a few weeks. Starting August 1st the education department will resusme charging interest on fedeal student loans for borrowers in the "save" plan. The "save" plan was enacted by President Biden with hopes of reducing monthly payments based on income and family size. Andrew Pentis, Bankrate Consumer Lending Analyst and Certified Student Loan Counselor, breaks down the change.

Skill-based hiring on the rise

The cost of college is on the rise in the United States. According to Bankrate, the average price tag of a four year university for in state students is close to $30,000. For out of state students its more than $45,000. And if you want to go to a private institution, that cost jumps to nearly $63,000. As students weigh the cost of college, companies are now starting to target new employees based on skills rather than degrees. Executive Coach Liz Bentley explains.

Show More
View CBS News In
CBS News App Open
Chrome Safari Continue