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Stafford Student Loan Rates Double Starting Today

Congress let the Stafford Student Loan deadline pass without passing legislation to prevent the automatic rate hike from taking effect. That means If you’re taking out or renewing a federally subsidized Stafford loan starting today you rate is now 6.8 percent which is double from the 3.4 percent it was Sunday.

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Student loans
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NJ College Students Face Bigger Bills [AUDIO]

Thousands of applicants for Stafford loans could be facing a higher interest rate if Washington does not extend the lower rate for students of the 2013-2014 school year.

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