Could college loan bill increase student costs?

The bill, which the Senate passed 81-18, would tie student loan rates to the government’s borrowing costs. Rates would be pegged to the 10-year Treasury note, plus 2.05 percentage points for undergraduate students, 3.6 percentage points for graduate students and 4.6 percentage points for parent loans. And that rate would be fixed throughout the life of the loan.

Friday, July 26, 2013 - 12:53pm