Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Student loan interest rates will likely increase as Senate trims financial aid
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December 22, 2005
Student loan interest rates will likely increase as Senate trims financial aid
More students will have to apply for loans to finance their education after Senate approved the rather deep cuts on Wednesday. The vote was locked at 50-50 and Mr. Cheney broke the tie in favour of cuts. So supply of the money will be much less. Accordingly, interest rates on private student loans can jump in a hurry. Some project several percentage points in hikes.
Posted in Student Loans at December 22, 2005 05:48 PM
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