Student loan rates double without Congress' action

Associated Press
Student loan rates double without Congress' action

University of Iowa student Angie Platt, 20, is seen on campus in Iowa City, Iowa, Monday, July 1, 2013 . College students taking out new loans for the fall term will see interest rates twice what they were in the spring — unless Congress fulfills its pledge to restore lower rates when it returns after the July 4 holiday. Platt said the increase in interest rates for subsidized Stafford loans will add to her debt load, which is expected to top $60,000 by the time she graduates. (AP Photo/Ryan J. Foley)

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