Certain student loan interest rates are set to double, from 3.4 percent
to 6.8 percent, come July 1. The rate hike could potentially cost millions of people who
rely on college financial assistance an additional $1,000 each school year.
The added cost is too much for some students to bear, said U.S. Rep. Tammy
Duckworth (D, IL-8) at a college affordability roundtable discussion Thursday.
“I remember what that was like as a student, when I was
counting down to the last five bucks that I had until my next check
came,” she said at the discussion, held at the College of DuPage (COD). Read more »