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Student Loan Interest Rates Set to Double
Author: PBS NewsHour
Narrator: PBS NewsHour
Unabridged: 7 min
Format: Digital Audiobook Download
Publisher: NewsHour Productions
Published: 07/01/2013
Categories: Nonfiction, Language Arts, Education, Finance
Synopsis
Effective July 1, subsidized Stafford loan rates doubled from 3.4 to 6.8 percent, increasing costs for lower- to middle-income students. Gwen Ifill talks to New America Foundation's Kevin Carey and Anne Johnson of the Center for American Progress on whether Congress will propose long-term solutions to curb growing college debt.