Contact Us

Federal Stafford Loan Rates to Double Beginning Today

Getty Images

As if it weren’t hard enough to pay for college nowadays, the federal government has decided to make it even MORE expensive by not coming to a conclusion on a bill that would keep Subsidized Stafford loan interest rates from doubling from the current 3.4% to 6.8%…a move that would essentially save students roughly $5,000 for a four year degree.

The interest rate hike stands to impact hundreds of thousands of students across the U.S. including right here in Victoria with UHV having a little over 4,000 students and Victoria College having around 4600 chances are more than a handful will feel the pain if Congress fails to act.

Not all is lost though. Although Congress just ended for their week long July 4th vacation, they have promised to take up the bill when they return next week and should they reach an agreement, it would be retroactive to July 1st meaning students won’t see an interest rate rise.

Should they not reach a deal, the new interest rates will affect only those students taking out NEW Subsidized Stafford Loans and those who have past loans they may still be paying off….you’re safe…..for now.

More From 106.9 The Rock

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://classicrock1069.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on Classic Rock KLUB 106.9 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on Classic Rock KLUB 106.9 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!