Student Loans: More Downs Than Ups
It’s just one month since the Department of Education raised the interest rates on federal student loans and the decision is already having a far-reaching impact. Most educators, students and parents agree that repayment is going to be even more difficult now, a very uphill task which could affect the students considerably. Timescommunity.com reports:
"It’s possible the new rates could prohibit someone from attending college," said Dr. Jeff Diamond, director of guidance at Fauquier High School. "These kinds of changes make an impact on students’ choices."
Read more: The own up on loan ups: What the rising student loan rates really mean
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