\ngraduates in a difficult position,\u201d<\/span> Jack Buckley,
\ncommissioner of the National Center for Education Statistics, which
\npublished the report, said in a statement.<\/p>\n
\u201cA college diploma no longer Still, as Bloomberg reports, the employment rate for college One item which seems to have been eclipsed in recent partisan On Thursday, the House voted along party lines to push forward a The new bill would allow student lending rates to reset every \u201cWho\u2019s going to set interest rates, politicians here or the The legislation would cap Stafford loans at 8.5 per cent, with a Democrats, who are thus far opposing the Republican plan, prefer According to The New York Times, some Democrats want to take President Obama has already put forth his own proposal, which, Delinquency rates on existing student loan debt suggests that, In addition to the Republican-sponsored bill HR1911, there are The White House on Wednesday threatened to veto the Republican Meanwhile, Mark Kantrowitz, publisher of Edvisors.com, says the Kantrowitz may well have a point. According to the San Francisco
\nguarantees a direct pathway to the middle class, making it harder
\nto justify the expense of a degree.\u201d<\/span><\/p>\n
\ngraduates in the US is 87 per cent, as compared with 64 per cent
\nfor those with only a high school school diploma.<\/p>\n![\"A](\"http:\/\/rt.com\/files\/news\/1f\/31\/f0\/00\/000_152599438.jpg\")
<\/p>\n
\nwrangling in Congress is a looming rate increase in federal student
\nloans, which is set to double to 6.8 per cent on July 1 assuming
\nthere is no intervention. That rate increase would impact the more
\nthan 7.4 million students who can currently apply for a 3.4
\ninterest loan.<\/p>\n
\nRepublican initiative to intervene in the interest rate increase,
\nthough the specifics of the plan is sure to have the student loan
\ndebate take center stage in coming weeks.<\/p>\n
\nyear, tied to the interest rate of a 10-year US Treasury note, plus
\n2.5 percentage points for federal Stafford loans. According to the
\nCongressional Budget Office, that means that the projected rate
\nincrease on those loans would rise to 5 per cent in 2014, and 7.7
\nper cent in 2023.<\/p>\n
\nmarkets?\u201d<\/i> asked Representative John Kline, Republican of
\nMinnesota.<\/p>\n
\nhigher maximum of 10.5 per cent for graduate loans.<\/p>\n
\nto extend the current Stafford subsidized rate – subsidized meaning
\nthat interest is not accrued while a student is enrolled – at a
\ncost of $8.3 billion to the federal government, which would in
\ntheory be paid for by closing tax loopholes.<\/p>\n
\nthings even further. Senator Kirsten Gillibrand has proposed
\nlocking in a 4 per cent rate for all student loans, and allowing
\ngraduates with higher interest rate loans to refinance at that
\nrate.<\/p>\n
\nlike the Republican plan would tie student loan rates to the
\nTreasury\u2019s borrowing costs, but would then fix that rate for the
\nlife of the loan, rather than resetting each year. The
\nadministration\u2019s plan would also cap loan repayments at 10 per cent
\nof a student\u2019s income.<\/p>\n
\nwhatever solution Congress ultimately selects to follow, it will
\nhave to make loan repayments feasible as higher education costs
\ncontinue to increase while wages have stayed roughly the same for
\nseveral decades.<\/p>\n
\nat least eight other bills aimed at modifying or freezing interest
\nrates on federal school loans before the July 1 deadline.<\/p>\n
\nbill, arguing that it would not guarantee low rates due to its
\nyearly reset.<\/p>\n
\nfight over subsidized loan rates \u201cis a distraction from the real
\nproblem, which is the amount of debt, not the cost of
\ndebt.\u201d<\/i><\/p>\n
\nChronicle, a recent study from Fidelity found that \u201c70 per cent of
\nthe class of 2013 is graduating with college-related debt \u2014
\naveraging $35,200 \u2014 including federal, state and private loans, as
\nwell as debt owed to family and accumulated through credit
\ncards.\u201d<\/p>\n