Senate Stuck On Student Loan Bill As Rate Is Set To Double

Jun 27, 2013
Originally published on June 27, 2013 5:44 pm

Student loan rates are set to double on Monday, with Congress not likely to take action before then. The debate now is on how to lower costs for students without needing annual stopgap bills. Such a measure would not pass until mid-July at the earliest and would have to be applied retroactively to undo the coming rate hike.