BREAKING NEWS
College loan rates set to jump
Photographer: WEWS
Posted: 06/26/2012
WASHINGTON -
Congress has four more days to act, or student loan rates for some could double.
On July 1, the interest on some 7 million federal loans will bump up to 6.8%.
Both sides want the rate to stay where it is, but they just can’t agree on how to come up with the $6 million needed to cover the costs.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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