The interest rate on subsidized Stafford Loans is set to double. If Congress doesn’t sort out its differences, seven million Americans will see their student loan rates double, creating further drag on the economy.
Tag Archives: student loans
Student Loan Interest Rate is a Political Distraction
Student loan interest rates have taken center stage in the latest partisan political debate. In response to the economic crisis, the federal government reduced the interest rate for Stafford Loans from 3.4 percent to 6.8 percent. But that was only temporary.