Friday, July 26, 2013

Senate Deal Treats Students Like Cash Cows

This entry was originally posted on the Huffington Post

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.


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