Student Loan Interest Rates Double

Congress sets the interest rate for subsidized Stafford loans. An inability to come to a long-term agreement on rates resulted in the rate doubling

From: KSTP

From the Mail Bag: Student Loans

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From his office in Washington, Congressman Hultgren responds to e-mails from two constituents concerned about subsidies for student loan interest rates. The current 3.4% subsidized Stafford Loan interest rate is set to expire on July 1, 2012, but the House of Representatives has passed a solution.

From: RepHultgren

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Reed: Congress Must Act to Block Interest Rate Hikes on Student Loans

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U.S. Senator Jack Reed urges his colleagues to support his legislation to prevent interest rate hikes on college loans. Unless Congress acts, subsidized Stafford student loan interest rates will double from 3.4 to 6.8 percent on July 1, 2012, saddling student borrowers with an additional $6.3 billion in interest payments.

From: SenJackReed

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Sen. Moran Statement on Senate Passage of Student Loan Interest Rate Bill

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U.S. Senator Jerry Moran (R-Kan.) released the following statement today after Senate passage of the bipartisan agreement to address federal student loan interest rates. The legislation reverses the July 1, 2013, rate hike on subsidized Stafford loans, and provides a permanent solution for interest rates on all new student loans taken out after July 1.

From: Jerry Moran

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Efforts to cut student loan interest rates fail

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Senators fail to overcome a procedural hurdle, leaving student interest rates on subsidized student Stafford loans at 6.8 percent. The rates doubled on July 1 because Congress was unable to send a bill to President Barack Obama. (July 10)

From: Windsor Star

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Efforts to Cut Student Loan Interest Rates Fail

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From: Associated Press

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Congress inaction to double student loan rates

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Congress faces July 1 deadline on doubling interest rate on subsidized student loans and if it doesn't act, interest rates on new federally subsidized student loans will increase from 3.4% to 6.8% on July 1. That means that low income students have no choice other than go to a college and do something themselves or to join Armed Forces and there is no bankruptcy protection for the loans, as Stef Gray, consumer advocate told RT.

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From: RT America

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An In-Depth Look At The Student Loan Interest Rate Debate

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This week's edition of "NASFAA's Student Aid News" provides a comprehensive, in-depth look at the subsidized Stafford student loan interest rate issue and the potential doubling of rates from 3.4 to 6.8 percent on July 1.

From: NASFAA

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4 Options For Choosing Between Federal Student Loans

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According to Federal Student Aid, borrowers don't start paying on federal student loans until after they leave college, while many private student loans require payment during college. Federal student loans often have low, fixed interest rates, while the interest rates on many private student loans are higher and subject to change. But there isn't just one student loan to choose from. Four federal student loans to consider; Direct Subsidized Loan, Direct Unsubsidized Loan, Federal Perkins Loan,...

From: Wochit News

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Interest rates for Stafford loans rise

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Interest rates on subsidized Stafford loans for students will double on Monday.

From: WWLP-22News

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