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All Posts Tagged Tag: ‘interest rates’

Elizabeth Warren Seeks to Lessen Student Loan Burden

On Monday, President Obama signed an executive order which would extend the ability to cap one’s student loan repayment amount at 10 percent of one’s income, finally allowing those who borrowed money before 2007 to take advantage of an opportunity many have already capitalized on. Following his own executive order, Obama continued to push student-loan legislation, however, as he endorsed …

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Student Loans: Dealing with the Interest Rate Jump

Unless fortunate enough to already have the funds to pay for college, most college students will have to take out a student loan at some point within their college career. In fact, there are currently 37 million borrowers in the U.S alone. The average graduate who has obtained a Bachelor’s degree, loan debt has reached an average of $26,600. That …

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Student Loan Interest Rates Will Double, Unless …

Come July 1, student loan interest rates will double from 3.4% to 6.8%. That rate jump will only affect all new federally-subsidized student loans, not existing loans. Lots of folks are looking for ways to remedy the high-interest situation. BusinessWeek reports that Ohio Senator Sherrod Brown has one plan that might do the trick. One of the more common tactics …

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Student Loans About To Get More Expensive, Twitter Reacts

I’m a recent college graduate and I payed for my education with student loans. It sucks that I have to pay back that much money, but I’m not as bad off as current or future students if current financial aid laws concerning student loans aren’t changed. CBS News is reporting that the Subsidized Stafford Loan interest rate is about to …

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