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Bank of America Corporation Message Board

  • low_mac low_mac Apr 9, 2013 1:55 PM Flag

    Student Loan Interest Rates Could Double July 1

    The greedy, greedy Obama administration want to double the interest on student loads.

    The cost of higher education could rise for students taking out new subsidized loans. The current interest rate is at 3.4% but unless action is taken by Congress in the coming weeks the rate will increase to 6.8% on July 1.

    The increase means incoming college freshmen could pay $5,000 more than current students.

    The same warning came last year but was given a one year extension due to the presidential election.

    Coming up tonight on WBKO at 6 hear from a local guidance counselor and students about how this may impact education

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