With a June 30 deadline quickly approaching, lawmakers are running out of time to prevent student loan rates from doubling. Leadership from both parties has said that a compromise will be coming before the deadline and suggested on Friday that they are close to a deal. In 2007, Congress approved PL 110-84, which gradually reduced loan interest rates over four years. but expires July 1. The is...
Today’s fast-paced and Internet-driven society provides a lot of opportunities for innovation in the college financial aid world. As tuition costs continue to rise faster than average incomes, more students are turning to private lenders and other third-party organizations to finance their educations; the Harvard Educational Review estimates that there was a 76% increase in the amount of debt th...
With a June 30 deadline quickly approaching, lawmakers are running out of time to prevent student loan rates from doubling. Leadership from both parties has said that a compromise will be coming before the deadline and suggested on Friday that they are close to a deal. In 2007, Congress approved PL 110-84, which gradually reduced loan interest rates over four years. but expires July 1. The is...