Student Loan Interest Rates Set To Double By July 1st


Sad news for incoming college freshman today and it’s not an April Fool’s joke.

Students entering college this fall could end up paying up to $5,000 more for their student loans than we did if Congress does not stop interest rates from doubling. The increase will only affect students taking out new subsidized loans, non-subsidized loans are not expected to increase.

This possible rate increase could happen as a result of mandatory budget cuts and neither party has money set aside in their budget proposals to keep student loans at their current rate.



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