Sunday , 18 August 2019

Congress doubles student loan interest rates (video)

Due to Congress’s failure to vote on whether or not to keep interest rates on student loans at 3.4 percent, on Monday that number doubled to 6.8 percent. Lawmakers had more than a year to decide on whether to alleviate the financial burden on college students. This increase will affect approximately 7 million students but not those who already have loans. Robert Applebaum, executive director with StudentDebtCrisis.org, breaks down the numbers.

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