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
An Interest Rate Compromise?
By Libby A. Nelson. With only a few days remaining to reach a legislative deal before the interest rate on new, federally subsidized student loans doubles July 1, the Senate appears to be inching closer to a bipartisan compromise. But given deep divisions between Senate Democrats and House Republicans in particular on what to do about student loans, there is still no guarantee that Congress will manage to avert the rate hike in time. Read more...
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