By . Lawmakers acknowledge that the rate on a low-interest federal loan for millions of college students in financial need is likely to double on Monday because of a congressional stalemate over how to stop that from happening. But Democratic senators said Thursday that the rate hike on new subsidized Stafford loans — to 6.8 percent from the current 3.4 percent — will be temporary and reversible. Read more...
30 juin 2013
No Deal on Loans
By Libby A. Nelson. It was a scenario that's become depressingly familiar for higher education in recent years: a race against the clock as a predetermined deadline loomed, with financial aid for thousands of students hanging in the balance. On Thursday, though, the clock ran out: the Senate's failure to reach a deal to avert an interest rate hike for federally subsidized student loans means the rate will double Monday. Read more...