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Student Loan Interest Rates Set to Double

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8 minutes

Summary

Effective July 1, subsidized Stafford loan rates doubled from 3.4 to 6.8 percent, increasing costs for lower- to middle-income students. Gwen Ifill talks to New America Foundation's Kevin Carey and Anne Johnson of the Center for American Progress on whether Congress will propose long-term solutions to curb growing college debt.

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