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.”

student loansAccording 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.

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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?”

Published On: May 28th, 2013By Categories: Consumer Issues, Student LoansComments Off on Possible doubling of interest rates for student loansTags: ,

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