Student Loan Interest Hike Fears Allayed by Education Dept.

MainStreet.com ^ | 7-12-13 | Michael P. Tremoglie

[William Tell 2]

NEW YORK (MainStreet)—Congressional inaction resulted in an increase, as of July 1, in the interest rates of new subsidized Stafford Loans. The rate went from 3.4% to 6.8%. This resulted in a hue and cry from the Beltway.

The Obama administration is intent...

[EQAndyBuzz]

Stafford is up to $5,500.

Maybe they should do something about Sallie Mae charging up to 12%. That’s a crime,

[Go Gordon]

Maybe people will stop borrowing money to pay bloated tuition and stop feeding the higher education hogs. Stop going to college for the experience and useless degrees.

[traditional1]

It doesn't matter, except to the Bankers....there's for-sure gonna be a bailout by Taxpayers, before the 2014 Elections, to assure the Yewt Vote.

Another constituency handed Taxpayer-funded money, as usual, to assure the Banks don't lose a dime, and the Yewts who borrowed what they knew they would never pay back, and the Hits just keep on comin'........