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Lawmakers scramble to cut student loan interest rates

July 17, 2013
By BONNIE L. HAZEN - Staff reporter ( , Tribune Chronicle |

Lawmakers are trying to lower the interest on student loans after rates doubled from 3.4 to 6.8 percent on July 1. If negotiations don't prove fruitful, the interest hike on subsidized Stafford loans could cost students $2,600 on average, according to Congress' Joint Economic Committee.



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