Student loans subsidized by the government will most likely double to 6.8 percent on July 1, 2013.
“Heads I win, tails you lose” is a fraudulent coin toss. Wells Fargo did no better.”
According to CNNMoney.com Interest rates on student loans subsidized by the government will most likely double to 6.8 percent on July 1, 2013. Even though Congress and the White House agree that something needs to be done, no one can find a common solution. Each side of the isle has their own ideas: meanwhile about 7 million students taking out subsidized loans for the next school year will find their loans significantly larger than expected.
Click here for the full article….
We have several videos on our web site.
Below is one that might be of interest:
“Meet Ms. Drain and Suggestions on How to Hire an Attorney”
MUSINGS BY DIANE: “Why not double the interest rate on student loans. Let’s keep our future handcuffed to student loans for the rest of their lives. Those of us who took student loans in the past did so because the interest rate was extremely reasonable. Why are the current students not given the same respect we were?”
Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.
*Important Note from Diane: Everything on this web site is offered for educational purposes only and not intended to provide legal advice, nor create an attorney client relationship between you, me, or the author of any article. Information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state. Make sure to check out their reviews.*
In Case You Missed It
Published On: June 27, 2026
Merchant cash advances can provide fast cash, but daily withdrawals, stacked MCA loans, SBA loan conflicts, personal guarantees, and bankruptcy risks can quickly put a business and its owner in danger.
Published On: June 26, 2026
Bankruptcy Is Not Just Paperwork: Some Simple Mistakes That Can Cost You For many people, bankruptcy is not the first choice. It is usually something they consider only after they have done everything they know [...]
Published On: June 24, 2026
Build Financial Stability, Not Just a Better Credit Score A good credit score can be helpful. It may make it easier to rent an apartment, obtain a mortgage, finance a vehicle, or qualify for lower [...]
Published On: May 2, 2026
Perils of Filing Bankruptcy by an Undocumented Person or Non-Citizen This post is based on an earlier post on by Richard J. Parker, (reprinted with permission - December 2017). Updated by Diane Drain: May 2026 [...]
