Student Loan Rates Faces Huge Increase After Congress Punts »

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WASHINGTON — College students taking out new loans for the fall term will see interest rates twice what they were in the spring – unless Congress fulfills its pledge to restore lower rates when it returns after the July 4 holiday. Subsidized Stafford loans, which account for roughly a quarter of all direct federal borrowing, went from 3.4 percent interest to 6.8 percent interest on Monday. Source Main page (current trends)

More about: college students, congress, Congress Punts, interest rates, Student Loan Rates Faces, Subsidized Stafford loans

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