Student loan rates double after Congress fix fails
Jul 1, 2013 7:08:59 GMT -5
Post by popcorn on Jul 1, 2013 7:08:59 GMT -5
Student loan rates double after Congress fails on fix 
Interest rates on federally subsidized Stafford student loans doubled overnight, soaring from 3.4 percent to 6.8 percent after Congress failed to reach a deal.
Though lawmakers potentially could still pass a bill to undo the damage, Congress' Joint Economic Committee has estimated the increase -- unless and until it is reversed -- will cost the average college student an additional $2,600.
Read more: www.foxnews.com/politics/2013/07/01/student-loan-rates-double-as-calendar-turns-to-july/#ixzz2XnLkiog6
Interest rates on federally subsidized Stafford student loans doubled overnight, soaring from 3.4 percent to 6.8 percent after Congress failed to reach a deal.
Though lawmakers potentially could still pass a bill to undo the damage, Congress' Joint Economic Committee has estimated the increase -- unless and until it is reversed -- will cost the average college student an additional $2,600.
Read more: www.foxnews.com/politics/2013/07/01/student-loan-rates-double-as-calendar-turns-to-july/#ixzz2XnLkiog6