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College Students Wait To See If Loan Rates Double

Thursday, May 23, 2013

College students could end up paying a higher interest rate on their government subsidized loans unless Congress steps in. In a replay of last year's battle, Republicans, Democrats and the Obama administration all have competing proposals. A vote is scheduled in the House of Representatives Thursday. But with no consensus in sight, it's not clear if lawmakers can keep interest rates from doubling on July 1.

Source: NPR

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