Interest Rates On Student Loans Set To Double Even As Students Fall Deeper Into Debt

Interest Rates On Student Loans Set To Double Even As Students Fall Deeper Into Debt: Student loan interest rates are scheduled to double on July 1, from 3.4 percent to 6.8 percent. Congress extended the lower rate on federal student loans for a year in an effort to control the nation’s formidable student debt crisis, but will now have to decide whether or not to cancel the interest rate hike [...]/p