The fight over interest rates on Stafford loans is a sideshow. The rate was temporarily reduced to 3.4%, and Congress was looking to extend that rate and had to find alternative places to cut funding to offset the federal subsidy.
Never mind that banks themselves are making money hand over fist on student loans - both on origination fees and the interest they charge. The federal government set
Wednesday, 27 June 2012
The Student Loan Debacle Just Got Even Messier
Posted on 13:20 by Unknown
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