How the government wants to fix student loans

Posted on June 3rd, 2013

With federal student loan interest rates set to double from 3.4 to 6.8 percent on July 1, government officials have offered a flurry of proposals to prevent the rates from increasing and to help borrowers currently mired in debt.

In this helpful chart, Mother Jones breaks down the long- and short-term fixes for the current student loan crisis from Senate Democrats, Senate Republicans, House Republicans, and President Obama himself.

Read the full article for more details about how the plans compare and what they really mean for current and future college students and their families. And don’t forget to check out our previous posts on Sen. Elizabeth Warren’s plan and other proposals from New York government representatives.

Category: Student Loans & Repayment

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