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Congress agrees on $20 billion increase on college loans

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Published on Jun 29, 2012

Well it looks like Congress will act just in the nick of time to preventstudent loan interest rates from doubling from 3.4 percent to 6.8 percent on July1, but there's more. Starting Sunday students will have to start payinginterest rates on loans while they are still in school and will no longer begiven a grace period to start paying off their debt once they graduate. RobertApplebaum, founder of ForgiveStudentLoanDebt.com, joins us with his take on howCongress is screwing college students.StudentLoanDebt.com, joins us with his take on how Congress is screwing college students.




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