Next year’s loans could cost students an extra $5,000

Taking out loans next year may cost students an additional $5,000 as interest rates are scheduled to double, according to reports by the Associated Press and Huffington Post. Starting July 1, interest rates for subsidized Stafford loans are scheduled to rise from the current 3.4 percent to 6.8 percent if …

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Changes to new student loans to cost students $20 billion

With undergraduates facing a loss of the six-month interest-free grace period after graduating and graduate and professional students losing access to subsidized loans, higher education is set to become even more expensive.