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Student Loan Rates Double After Congress Fails To Agree On Legislation
Mario Tama, Getty Images
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Senate Fails to Keep Student Loan Rates Low

Senate Democrats on Wednesday failed to restore lower interest rates on student loans, again coming up short and perhaps signaling that undergraduates might really face rates twice as high as the ones they enjoyed last year.

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Immigration, Student Loans Top Congressional Plans

Congress returned Monday to potentially incendiary fights over nominations, unresolved disputes over student loans and the farm bill, and the uncertainty of whether lawmakers have the political will to rewrite the nation's immigration laws.

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Student Loan Rates Double After Congress Fails To Agree On Legislation
Mario Tama, Getty Images
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NJ College Kids Slammed By Student Loan Rate Hike [AUDIO]

Interest rates on federally subsidized Stafford student loans have doubled, going from 3.4 percent to 6.8 percent, after Congress failed to reach a deal to avoid the increase.

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Student loans
Zephyr Picture, Getty Images
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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 Rates Double Without Congress’ Action

College students taking out new loans for the fall term will see interest rates twice what they were in the spring — unless Congress fulfills its pledge to restore lower rates when it returns after the July 4 holiday.

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Senators: Student Loan Interest Rates to Double

Interest rates on new student loans are going to double because the Senate does not plan a vote before Monday's deadline.

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Is Federal Student Loan Deal in Trouble?

Senate Democratic Leader Harry Reid says a bipartisan agreement being offered on student loan interest rates is not an acceptable deal.

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Lawmakers Try to Save Student Loan Deal

Senators are struggling to hold together a bipartisan deal to keep student loan rates from doubling on July 1 as their colleagues trade political barbs with little more than a week to go before the deadline.

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Student loans
Zephyr Picture, Getty Images
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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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College Students
Flickr User velkr0
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NJ Students Being Poached by Other States [AUDIO]

The New Jersey brain drain continues at a staggering rate.

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