MP3: Interest Rates Rise On Student Loans Despite Increase In Defaults

01.07.2013

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Interest Rates Rise On Student Loans Despite Increase In Defaults MP3

By Kim Glovas PHILADELPHIA (CBS) — Interest rates on new federally subsidized Stafford loans were set to double Monday after Congress failed to act before the deadline. That means more debt for college students. Right now, there is $1.2 trillion in federal student loan debt in the United States and the default rate is on the rise. Doctor Wesley Leckrone, professor of political science at Widener University, sa... Source: philadelphia.cbslocal.com

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