| Home : March 2012 : March 25, 2012 News : Is College Tuition the Next Bubble? |
Is College Tuition the Next Bubble? |
March 25, 2012
At $1 trillion dollars, student loan debt has eclipsed credit card debt for the first time in American history. To make matters worse, come July 1 the interest rate on federally subsidized Stafford student loans will automatically double, from 3.4% to 6.8%, unless Congressional action is taken to extend the lower rate before then. Depending on which side of the aisle you choose, extending the lower rate will cost between $3 billion and $7 billion per year (estimates from the center of the aisle hover around $5.5 billion).
http://feeds.abcnews.com/click.phdo?i=21ff837c33ba90da306ad0ae3b200798
|
|
|
 Other Stories |
|
|
|
|
|
|
|
|
|
|
|
