7 million students brace for surge in loan rates
May 28th, 2013
07:19 AM ET
5 years ago

7 million students brace for surge in loan rates

Washington (CNNMoney) - On July 1, the interest rates on student loans subsidized by Uncle Sam will most likely double to 6.8%.

Congress and the White House agree that something should be done to prevent that. They don't agree on what.


Filed under: Education
soundoff (9 Responses)
  1. Richard Long

    How about stop wasting millions on trying to pass the Criminal Immigration Amnesty Bill and investing the money in US citizen students?

    May 28, 2013 07:41 am at 7:41 am |
  2. king

    lesson folks, why on earth are we putting pressure on the next generation to move our country forward, look theyve got enough on their plate with the job problems in our society. we need to nurture our next generation, and all these rich folks, university, and banks need to man up and secure our next generations legacy.

    May 28, 2013 07:55 am at 7:55 am |
  3. smith

    Take out as litlle as possible and try working instead of going to frat and beer parties. Also, stop going to schools that will cost 250000 for a BA.

    May 28, 2013 08:13 am at 8:13 am |
  4. Rick McDaniel

    The free ride has to end sometime. Might as well be NOW.

    May 28, 2013 08:31 am at 8:31 am |
  5. jkane sfl the gop national disgrace party will be swept out like the trash they are in2014 ?

    Thank the gop while they raise your rates and vote to continue a 40 billion dallar take break for the oil companies and cry about the defict . Votes these gop losers out in 2014 mid terms ASAP !!!!!!!

    May 28, 2013 08:40 am at 8:40 am |
  6. Fair is Fair

    Why not live at home and go to public universities for the first couple of years instead of spending $80 grand while you try to make up your freeking mind as to what you want to be when (if) you grow up?

    May 28, 2013 09:14 am at 9:14 am |
  7. Evergreen

    Our elected brain trust In congress can't figure out how to keep interest rate on college loans from doubling? They should pretend the students are they 2 percenters and the interest rate increse is a tax increase. That should get their brains in gear.

    May 28, 2013 09:45 am at 9:45 am |
  8. much thunder..little rain

    those university keep raising tution...they are worse than medical insurance,,,

    May 28, 2013 10:02 am at 10:02 am |
  9. Rudy NYC

    Instead of taking out a loan, students should follow Mitt Romney's advice and just simply borrow $10,000 each year from their parents. Now they can pay back the interest to their parents, instead of the banks.

    May 28, 2013 10:05 am at 10:05 am |