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College is Expensive Enough Without Another $1,000 in Interest Rate Hikes

Doubling Stafford Interest Rates This Summer Will Lead to a 20% Increase In The Cost of College Next Year

[WASHINGTON, D.C.] – Today, the Young Invincibles, the Center for American Progress, Campus Progress and U.S. PIRG released a joint report titled “Doubling Interest Rates Raises the Cost of College,” on the upcoming threat of doubling Direct Subsidized Stafford Loans to 6.8 percent. If Congress fails to act by July 1, 7.4 million American students will see the interest rates on their student loans double, effectively raising the average cost of college by over $1,000 for millions of students and their families. Click here to read more.