(WFRV)- Interest rates on federal, subsidized student loans are set to double in July, unless Congress acts quickly. Some insist the move is strictly a power-play.
The average student will pay an extra $6 a month and that's only for loans borrowed during the 2012-2013 school year.
At UW-Oshkosh, financial aid directors say any increase is still a burden for students, but explains rates were never supposed to say at the current level of 3.4%.
The average student leaves UW-Oshkosh $29,000 in loan debt.