Student Loans: Renewed Debate-and 'Blame Game'- Hit Capitol Hill Concerning Interest Rates Affecting Graduates (Video)
Interest rates on subsidized Stafford loans doubled on July 1 from 3.4% to 6.8% because the U.S. Congress failed to reach an agreement on legislation. As a result, a renewed battle between Democrats and Republicans for a lack of a good plan has also resurfaced.