Local colleges talk federal student loan rate increase
The rates on many future student loans effectively doubled on July 1 when Congress failed to extend a reduced rate on subsidized loans.
While it is unclear whether that will remain the case at the start of the academic year, some area colleges are preparing how to respond if the reduced rate is not extended.
"It won't have any effect on College of DuPage students today, because students can't borrow until school starts," said Earl Dowling, COD's vice president of enrollment management and student affairs. "Congress will return from break and if – and this is the gamble – if they take it up, maybe students are okay."
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at email@example.com