What the $5 Billion Threat to College Loans Looks Like – Yahoo! News
By Philip Bump
The latest edition of “Barack Obama Holds an Event with Regular Folks to Try and Get Congress to Do Something” will take place on Friday. The regular folks will be college students; the “something” this time around is preventing a doubling of the interest rate on student loans. Those college students better bring their game faces, too: If the interest rate hike isn’t prevented, college educations are about to get over $5 billion more expensive, with a lot of that cost falling on those least able to afford it.
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