Student loan interest rates set to double

276 views · Published 1 July 2013 · 2:40 · Indexed 21 September 2026

Channel: CBS News · 2013 · News & Politics

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Congress failed to to hash out a solution on student loan borrowing and so, starting July 1, interest rates on government-funded student loans will double. CBS News contributor and analyst Mellody Hobson discusses how it will impact students and its potential effects on the wider economy. SUBSCRIBE to the CBS NEWS Channel here: http://bit.ly/WKcQhX

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