student loans

Education
5:06 pm
Fri June 28, 2013

Student Loan Interest Rates Set to Double

Student loan interest rates are set to double on Monday after members of Congress failed to agree on how to keep costs down before a July 1 deadline. 

Next week, interest rates on Federal Subsidized Stafford loans will jump from 3.4 percent to 6.8 percent.John Curl is director of financial aid and scholarships at the University of Utah, where he says student’s take out between 9 and 10,000 individual subsidized loans each year. But he says they won’t feel the sting of higher interest rates until after graduation.

Read more