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...

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From: TheRunListChannel

Related topics : subsidized loan interest rate / student loan rates / student college loan / federal student loan

Student Debt - Delete The Debt

Learn how to settle your debt for free

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This is the main piece of capstone project at Maryville University, called Delete the Debt.

Delete the Debt is a campaign that raises awareness of the quickly rising student debt level in our country.

Researched, written and animated by, Michael Bischoff.

Learn how to settle your debt for free

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credit card debt consolidation, debt consolidation companies, private lenders,...

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From: SettleOurDebt

Related topics : student loan debt consolidation / interest student loan calculator / student college loan / student loan education / company loan interest rate

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.

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From: WZTV FOX 17

Related topics : subsidized loan interest rate / student loan rates / student college loan

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

Approved Colleges - Guide to Financial Aid: Loans

Learn the facts about student loans in a hurry using our multimedia resources. There are several different types of federal and private loans students can apply for. The best student loans offer a subsidized interest rate. However, most loans are unsubsidized, which means that students usually end up paying more than their original loan principle. For more information visit: http://www.approvedcolleges.com/resources/financial-aid/loans.

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From: approvedcolleges

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Student Loan Rates Double; What Are Long-Term Solutions?

Effective July 1, subsidized Stafford loan rates doubled from 3.4 to 6.8 percent, increasing costs for lower- to middle-income students. Gwen Ifill talks to New America Foundation's Kevin Carey and Anne Johnson of the Center for American Progress on whether Congress will propose long-term solutions to curb growing college debt.

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From: PBS NewsHour

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Courtney: Keep student loan interest rates from doubling

Congressman Joe Courtney introduced legislation, H.R. 3826, to ensure that interest rates on certain student loans do not dramatically increase this year.

In 2007, Congress made an historic investment in higher education when it passed the College Cost Reduction and Access Act. The legislation includes a provision that reduced the fixed rate on Stafford student loans for undergraduate students. The College Cost Reduction and Access Act lowered subsidized Stafford student loan rates from 6.8...

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From: Joe Courtney

Related topics : student loan rates / subsidized loan interest rate / student loan education

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

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.

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From: NASFAA

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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

Begich Minute: Bank on Student Loan Fairness Act

With student loan rates scheduled to double on July 1 of this year, U.S. Sen. Mark Begich used this week's Begich Minute to highlight the need for fairness in student loan borrowing practices.

Student loan debt poses similar economic risks that failing banks do. Borrowing rates on federally subsidized loans are currently scheduled to double from 3.4 percent to 6.8 percent. With tuition costs growing, it is more important than ever to make financing a higher education affordable for all...

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From: U.S. Senator Mark Begich

Related topics : bank student loan / student loan rates / federal student loan / student loan education / subsidized loan rate