Student Loan Rates Double After Congress Fails To Reach Deal | Talking Points Memo

WASHINGTON (AP) — Interest rates on some new federally backed loans for college students are now double what they were last week.Subsidized Stafford loan interest rates went to 6.8 percent on Monday because Congress didn’t strike a deal to keep them low. That translates to an extra $2,600 per student in costs. It affects roughly a quarter of all federal borrowers.


This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=87327