4:59 pm
Thu June 27, 2013

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

Originally published on Thu 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.