Student Loan Rates Double Today

Sen. Bernard Sanders (I-VT) discusses a bill he co-sponsored that would restore the student loan rate to 3.4% and explains why it should be the first order of business after the Senate’s recess

Student loan rates double after Congress fails on fix
Interest rates on federally subsidized Stafford student loans doubled overnight, soaring from 3.4 percent to 6.8 percent after Congress failed to reach a deal.
Though lawmakers potentially could still pass a bill to undo the damage, Congress’ Joint Economic Committee has estimated the increase — unless and until it is reversed — will cost the average college student an additional $2,600.
Read more: http://www.foxnews.com/politics/2013/07/01/student-loan-rates-double-as-calendar-turns-to-july/#ixzz2XpLltz4J

Student Loan Rates Double Without Congress’ Action
http://business.time.com/2013/07/01/student-loan-rates-double-without-congress-action/

Read more at http://investmentwatchblog.com/student-loan-rates-double-today/#R2EFQ8LU2geYez9Z.99