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  • Student loan rates double without Congress' actionadd to reading list  

    Posted on July 1, 2013 at 10:18 AM

    Updated Monday, Jul 1 at 5:52 PM

    Subsidized Stafford loans, which account for roughly a quarter of all direct federal borrowing, went from 3.4 percent interest to 6.8 percent interest on Monday. The estimated cost passed to students would be about $2,600.

    By PHILIP ELLIOTT / Associated Press

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