Student Loan Rates Could Increase on July 1st
Over $1 trillion in student loan debt is being carried by American families. If Congress fails to act by July 1st, that debt could become more burdensome. On that date, interest rates for student loans are set to double from 3.4% to 6.8%, placing an even heavier burden on students. Failure to act will add $4.3 billion to students’ debt burden for next year’s loans alone. The House…