student loans | KUER 90.1

student loans

Some of the quote “biggest losers” in the proposed GOP tax plan gathered in Salt Lake City to rally against the bill. Large families, college students and disabled vets say they’ll bear the brunt of the cuts.

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.