Interest on government student loans set to double this summer

Interest on government student loans set to double this summer - Life Inc.

The interest rate on government-subsidized Stafford loans is set to double on July 1 – to 6.8 percent from 3.4 percent – unless Congress acts to stop it. And there’s no guarantee it will.
Christian Walker, an economics and political science major at Northern Arizona University, needs Stafford loans to stay in school next year. He already expects to graduate with $50,000 in debt.