Tagged: college loans

Total student debt in America has hit the $1 trillion mark, exceeding, for the first time, national credit card debt.  Yet at this very moment, the airways and media outlets are alive with stories and opinion pieces regarding the imminent doubling of the interest rate on new Stafford Subsidized Loans to undergraduates.  While in college at least half-time, students holding such need-based, federally guaranteed loans pay no interest; rather, the government pays the interest which accrues during that time. These loans, currently at a  3.4% interest rate, represent a critical element in the to