This week, Ellen Chang of The Street interviewed Ceannate Corp. CEO Balaji "Raj" Rajan about the impact a possible interest rate hike could have on student borrowers. He's quoted in the article "Student Loan Interest Rates Could Rise Upon Fed Action," published on Friday, September 11, 2015. Rajan is featured with officials from organizations such as the National Foundation for Credit Counseling and Wells Fargo.
"Interest rate increases are never favorable for the borrower whether they are student loans or credit cards, said Raj Rajan, CEO of Ceannate Corp., a Rolling Meadows, Ill. company that works with the U.S. Department of Education on student loan and default issues. Graduates can look into plans which offer a reduction in monthly payment amounts, he said."