Students To Congress: Don’t Let Interest Rate Double

If lawmakers can't come to an agreement, the federal Stafford loan interest rate will jump from 3.4 to 6.8 percent on July 1, addi..

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Students To Congress: Don’t Let Interest Rate Double

Published on 2012-05-08 10:34:00

If lawmakers can't come to an agreement, the federal Stafford loan interest rate will jump from 3.4 to 6.8 percent on July 1, adding an average of $1,000 to the cost of a year of college. Students from across the country visited Capitol Hill on Tuesday to ask Congress to keep that from happening.

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