Tuition, not interest rates, puts college out of reach

Kylie Lacey's picture

Congress left Washington without keeping the interest rate on student loans from doubling, soaring from 3.2 percent to 6.4 percent.

While that's bad news for students and their families, it could be worse. Most people don't borrow in July, and Congress will be back later this summer with time to find a compromise before school starts in the fall.

What should be troubling, though, is the failure of the government to deal with interest rates, which should be the easy part of the college affordability problem.

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