Possible Student Loan Debt Emerges Which Would Cost Students More to Borrow for College

July 16, 2013

Since interest rates doubled for the 7 million working families expected to take out federal Stafford student loans this fall, the political battle to avert the huge spike in borrowing costs has raced and roared. Senate leaders have been considering several solutions all week to prevent students who already graduate college with a mountain of debt from paying an average of $4,000 extra over the life of the loan.

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