As July rolls in, more than 7 million students nationwide
will notice an increase in student loan rates.
With the transition from
June to July, student loan interest rates doubled overnight. As of
midnight, student loan interest rates increased from 3.4 to 6.9 percent.
Despite several bills being introduced as a solution,
Congress has left them untouched as they head to a week-long recess for the
July 4 week.
Congress agrees that something needs to be done, but they
cannot agree on what. Senate Democrat leaders are pushing to extend 3.4 percent
rates for another year. However, Republicans want to see a long term solution
such as low rates now, but a rise with market rates in the future.
Saturday, July 26 2014 2:09 PM EDT2014-07-26 18:09:07 GMT
A mysterious 'Woman in Black' has been spotted around the Tri-State in recent days, causing social media to erupt with questions about her identity. According to WATE in Tennessee, the Sullivan CountyMore >>
A mysterious 'Woman in Black' has been spotted around the Tri-State in recent days, causing social media to erupt with questions about her identity.More >>