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Senate passes student loan bill
The bill, which ties student loan rates to the market but also caps the maximum rate, is a band-aid meant to undo the doubling of student loan rates that happened July 1. The good news: it's retroactive, so students will borrow at 3.8%, close to the 3.4 it was before rates changed. The bad news: it could later go as high as 8.25%.
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Senate passes student loan bill
The bill, which ties student loan rates to the market but also caps the maximum rate, is a band-aid meant to undo the doubling of student loan rates that happened July 1. The good news: it's retroactive, so students will borrow at 3.8%, close to the 3.4 it was before rates changed. The bad news: it could later go as high as 8.25%.
Date: 7/24/13
Views: 254
Video by:  NowThis News
 
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