Getting a Student Loan? Your Interest Rate Just Went Up

Starting today, parents and college students will be paying more for federal education loans. Interest rates on new federal loans are adjusted every July, and this year’s rates are slightly higher than those for loans issued in the previous 12 months. The rate on Stafford loans for undergraduates is now 4.66 percent, up from 3.89 percent. Parents and graduate students now will pay a rate of 7.21 percent for PLUS loans, compared with 6.41 percent previously. These rates are fixed …

Improving Jobs Picture For Older Workers

Businesses did more hiring in July and that boded well for older workers. Some 162,000 jobs were created last month and the unemployment rate for people 55-plus dropped from 5.3 percent to 5 percent. Among older men, the rate inched up to 5.6 percent from 5.5 percent in June. The situation was much better  for older women. They saw their jobless rate fall to 4.9 percent in July from 5.4 percent a month ago, according to the Bureau of Labor …

Come and join us for Senior Celebration Month at the Farmer’s Market!

Hey there, blog readers! If July finds you in Springfield, please do not miss the opportunity to join AARP, the Illinois Department of Agriculture and Springfield Clinic at the Farmers Market as we celebrate Seniors throughout the entire month. That’s right! AARP has teamed up with the Department of Agriculture and Springfield Clinic to sponsor the Farmers Market and design a series of senior-friendly activities, from health screenings, to special discounts, and even musical entertainment  and Illinois Products Bingo! Seniors who …