Is Congress Going to Adjust Student Loan Interest Rates?

If no Congressional action by July 1, then subsidized Stafford student loan interest rates will double from 3.4 percent to 6.8 percent, resulting in more money being due in repayment.

The president’s budget has been met with criticism in both major political parties and in media. Congress has to review such proposals and then vote on and pass a budget for the federal government.


About defaultprevention

Default Prevention Specialist since 1998.
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