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Congress passed a bill Friday to keep the interest rate on government-backed student loans from doubling. It's a victory for students, but other compromises by Congress could cost them a lot more in the long run.
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Congressional leaders say they are close to a deal on two issues with looming deadlines. But if Congress fails to lock down agreements this week, the federal highway program would come to a halt, and student loan interest rates would double.
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Total student loan debt in the United States has reached the $1 trillion mark. Thanks to the down economy, many of the students graduating from college…
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The dark clouds looming over higher education in the nation and Washington may have a silver lining, but so far it’s been hard to find and the recent…