Wednesday, July 4, 2012

Lower College Loan Interest Rates Won't Fix the Student Debt Crisis

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Student loan debtOutstanding student loans having topped the $1 trillion mark, but it's down at the individual level where that debt burden has built up that former students are finding it difficult to bear. With jobs still hard to come by, young adults are looking for any break they can get.

Those with student loans finally got some good news over the weekend, as Congress extended a cut in the interest rate on federal Stafford loans and prevented the rate from returning to 6.8% from its current level of...

Lower College Loan Interest Rates Won't Fix the Student Debt Crisis originally appeared on DailyFinance.com on 2012-07-03T13:08:00Z.

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