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Student Loan Interest Rates DOUBLE
Are you a college student? Are you taking government subsidized loans? Then you're in trouble.
Interest rates for federally subsidized Stafford student loans doubled from 3.4 percent to 6.8 percent July 1. 2013. What does this mean for college students? An extra $2600 to pay each year. The reason the interest rates have increased is because Congress could not agree on a deal to avoid the hike before the long July 4 break. Any current loans will not be affected, but newly issued loans for the...
From: TheRunListChannel
Related topics : subsidized loan interest rate / student loan rates / student college loan / federal student loan
Interest rate for US's student loan jumpStudent DEBT dealt?
Interest rate for US's student loan jumpStudent DEBT dealt?
In the United States, student loans are responsible for the most debt in the country and have surpassed credit cards by recently reaching the $1 trillion mark. On July 1, interest rates on government subsidized loans are set to jump to 6.8 percent, but the Senate has come to an agreement to stop the increase. RT's Liz Wahl has more.
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From: Ambrasio Bartoli
Related topics : student loan debt credit card / subsidized loan interest rate / education loan interest rate in usa / student college loan
Interest rate for US's student loan jump! Student DEBT dealt?
Interest rate for US's student loan jump! Student DEBT dealt?
In the United States, student loans are responsible for the most debt in the country and have surpassed credit cards by recently reaching the $1 trillion mark. On July 1, interest rates on government subsidized loans are set to jump to 6.8 percent, but the Senate has come to an agreement to stop the increase. RT's Liz Wahl has more.
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From: Massreport147
Related topics : student loan debt credit card / subsidized loan interest rate / student college loan / education loan interest rate in usa
Michelle's Mailbox - Student Loan Interest Rates
For the first installment of Michelle's Mailbox, Rep. Lujan Grisham talks about the recent doubling of interest rates on federally subsidized Stafford student loans and discusses what Congress must do to help students.
From: RepLujanGrisham
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Student loan interest rates to double in July?
Student loan debt has surpassed the $1 trillion mark and in July things can get a little trickier for college grads struggling to pay off their school loans. If Congress doesn't act fast, interest rates on government subsidized loans can potentially increase two-fold by July First. President Obama has publicly addressed Congress in hopes of something being done soon. Stef Gray, economic justice organizer for Change.org, joins us with more.
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From: RT America
Related topics : subsidized loan interest rate / interest rates loan / debt student loan / student college loan
Student Loan Interest Rate Hike Fight In Congress
Via The Huffington Post: "This July, unless Congress intervenes, Pritchard likely will owe $4,000 more than he would have in student debt upon graduation. That's because a 2007 law that kept federally subsidized Stafford loan interest rates low will expire this summer, leaving the rates to double from 3.4 to 6.8 percent...".* Ana Kasparian and Jayar Jackson discuss on The Young Turks.
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From: The Young Turks
Related topics : subsidized loan interest rate / interest rates loan / low rate loans
Interest Rates Could Double Next Month on Subsidized Student Loans - Erika Lathon
If congress can't reach an agreement by July first interest rates for some student loan rats could double from 3.4% to 6.8%. The hike would only affect federally subsidized student loans which are issued based on economic need. Students say the cost of paying for college adds up quickly and increasing interest rates will only hurt those who are already struggling. Tennessee Senator Lamar Alexander is among lawmakers pushing for a permanent solution that will reduce student loan rates.
From: WZTV FOX 17
Related topics : subsidized loan interest rate / student loan rates / student college loan
Can Congress dodge student loan interest rate debacle?
In the United States, student loans are responsible for the most debt in the country and has surpassed credit cards by recently reaching the $1 trillion mark. On July 1, interest rates on government subsidized loans are set to jump to 6.8 percent, but the Senate has come to an agreement to stop the increase. RT's Liz Wahl has more.
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From: RT America
Related topics : subsidized loan interest rate / student loan debt credit card / student loan rates
Student loan interest rates to double
Some unwelcome news tonight if you're one of the millions struggling to payback your college loans. As we hear from 22News reporter Nicole Nalepa, the interest rate could soon double on these popular government subsidized loans.
From: WWLP-22News
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Interest rates on student loans set to double July 1
OTTUMWA, IOWA -- On July 1, interest rates on government-subsidized student loans are set to double from their current rate of 3.4 to 6.8 percent. Unless Congress acts to stop this increase, students will pay an additional $1,000 for each year they take out loans to pay for their education.
http://www.heartlandconnection.com/news/story.aspx?id=913594
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From: KTVOtv
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