Student loan interest rates set to double

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Student loan interest rates set to double

Student loan interest rates set to double
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Student loan interest rates set to double

by CBSTV Videos 2:39 mins

Congress failed to to hash out a solution on student loan borrowing and so, starting July 1, interest rates on government-funded student loans will double. CBS News contributor and analyst Mellody Hobson discusses how it will impact students and its potential effects on the wider economy.

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