Student loan interest rates double
As members of the United States Congress lounged on exotic beaches or attempted to hack their way out of sand traps, students looking to take out federal loans now face an even deeper hole to dig themselves out of, as interest rates for student loans doubled this morning. The federally subsidized Stafford student loan interest rates rose from 3.4 percent to 6.8 percent as a result of both houses failing to pass any reform or extension by the July 1 deadline.





