Published July 2013. Financial aid and student loan rules change often, so some details may be out of date. Ask us about your situation.
Today, the Senate failed once again to implement a one-year, retroactive fix that would keep rates at 3.4 percent on federal subsidized Stafford loans made from July 1, 2013, to June 30, 2014.
On July 1 of this year, the interest rate on new student loans doubled to 6.8%. Lawmakers have been debating various proposals to lower student rates but have neglected to come to an agreement. Read the full story at Huffington Post.