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Student loan issue won’t go away

August 1, 2013
The Journal

The U.S. House of Representatives was set to vote Wednesday on a bill tying the college student Stafford loan interest rate to financial markets. It will be good news for this year's students, since the rate will fall from 6.8 percent to 3.9 percent. But the rate will rise over the next few years as the economy improves. The rate is capped at 8.5 percent for undergrads, 9.5 percent for graduate students, and 10.5 percent for parents.



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