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A Proposed Fix for High Student Loan Interest Rates
Bloomberg BusinessWeek: The clock is ticking down to July 1, when the interest rate on subsidized federal student loans is set to double to 6.8 percent. That change will hit all new subsidized loans, but doesn’t affect existing debts. Amid the growing attention to student debt, Senator Sherrod Brown (D-Ohio) has a new bill that aims to help some of those existing borrowers who are stuck in loans with high rates.
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