Going to college is an expensive proposition. Need-based financial aid and scholarships help, but many students and families will rely on student loans in meeting the Expected Family Contribution (EFC) for college expenses. I’m conflicted about President Obama’s initiative to expand the number of former students who qualify to have their student loan burden reduced.
Auction results for the May 10-year Treasury note will impact student loan interest rates.
Subsidized student loan rates are set to double today. Will a new bill be enough to stop it?
Student loan rates on subsidized Stafford loans are set to double July 1. Thankfully, there are quite a few bills being passed around Washington, D.C., that could help solve some of the student loan interest rate headache.