No Deal Yet on Stafford Loan Rates
Students who have been taking the government subsidized Stafford loans are seeing their interest rates double today. Without a deal from lawmakers, about 7 million students would see their rates go from current levels of 3.4 percent up to 6.8 percent. Lawmakers worked behind the scenes all weekend to try to reach a deal that would keep steady. No deal was reached, but it's possible that lawmakers could reverse the rate with a deal in the coming days.