Curbing the rising cost of college more important than ever

Tim Goral's picture
Monday, July 15, 2013

We know that many students have to borrow in order to attend college. On top of that, the interest rates on many new federal student loans doubled on July 1 from 3.4 percent to 6.8 percent.

There are congressional efforts to lower the rates. But regardless of whether Republicans and Democrats find a compromise on the student loan interest rate, the bigger issue is curbing the cost of college so that interest rates don’t matter as much. This is particularly important since a large number of students borrow and then don’t finish college.

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