Crunch time for Congress on student loans
June 25th, 2012
07:55 AM ET
3 years ago

Crunch time for Congress on student loans

Washington (CNNMoney) - It's crunch time for Congress, with interest rates on student loans subsidized by Uncle Sam slated to double to 6.8% on July 1.

Some 7 million students taking out loans for the next school year will have to dig deeper to pay them off if Congress doesn't halt the increase.

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Filed under: Congress
soundoff (3 Responses)
  1. Gurgyl

    Congress should go for reducing student loan interest rate, well these cult paid huge money on Iraq, Afganistan, right???
    Why noton our students, infrastructure, green energy?????????????
    PS: all say yes, on Obama12. Shhhhhh, at least say to yourself, god bless us all, amen!!!

    June 25, 2012 08:26 am at 8:26 am |
  2. J,V.Hodgson

    Pathetic, ridiculous, stupid, they should have thier pay docked for not doing the job they were elected to do properly with civility and compromise. If they can't agree here god help us all come November and December.
    Every time this Republican house has so called passed something the sting in tail was to pay for it ripping something out of PPACA or adding the Keystone pipeline ( to the transportation bill)
    Thier Republican behaviour is more stupid than the Keystone cops except it is not funny.
    Regards,
    Hodgson.

    June 25, 2012 08:43 am at 8:43 am |
  3. chuck weidemann

    So how does this matter to the wealthy??? It doesn't!!! So good for them they have enough money to pay for their children's education....not all Americans are in the same boat and the more children we educate the better our country is going into the future. Vote !!!

    June 25, 2012 09:01 am at 9:01 am |