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College Students Wait To See If Loan Rates Double

NPR | May 24, 2013 9:54 a.m.

Contributed By:

Claudio Sanchez

College students could end up paying a higher interest rate on their government subsidized loans unless Congress steps in. In a replay of last year’s battle, Republicans, Democrats and the Obama administration all have competing proposals. A vote is scheduled in the House of Representatives Thursday, but with no consensus in sight, it’s not at all clear if lawmakers can keep interest rates from doubling on July First.

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