Return to the Latest

INFOGRAPHIC: Senate Deal Treats Students Like Cash Cows

By Tom Allison

The Senate is voting on a deal to change interest rates on federal student loans, pegging the rates to the 10-year Treasury note. With market interest rates so low this year, students taking out loans will pay a lower rate than current law of 6.8 percent — for now. But without strong enough protections from high rates in the future, the infographic below demonstrates how the deal will actually milk students in the coming years.

Cow infographic

This blog was originally posted in the Huffington Post