Tag Archives: stafford loans

Student loan rate doubling: Lesser of two evils?

Kelly Dilworth

Once again, Congress is running out of time. Interest rates on federally subsidized Stafford Loans are poised to double on Monday, July 1. Unless U.S. lawmakers come to a last-minute agreement before then — which is unlikely considering that most are taking next week off for the July 4th holiday — interest rates on new federally subsidized loans will jump from 3.4 percent to 6.8 percent.
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