A Sugar-Coated Student Loan Deal

It’s not perfect, and in fact, it’s not great, but it’s a deal. A group of Senators came together in agreement to have next year interest rates remain at 3.8% and instituted a cap for the loan rates. Under this new deal, undergrads will be capped at 8.25%; graduate students will have a cap of 9.5% and parents, in a close third of 10.5%. While this plan still has to go through the Senate for full approval, lawmakers are hopeful that it will pass through quickly, and be allowed to change as needed in the future. …

Full Story @ http://read.socialjusticesolutions.org/4p
#DebtCrisis, #Nasw, #StudentLoan

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