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December 23, 2005

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Cost of Student Debt To Go Up

Congress passed a spending bill that will significantly raise the cost of student aid programs. According to the CollegeJournal, the fixed rate on Stafford loans, the most popular kind of financial aid, will climb from 4.7% to 6.8% on July 1. The rate on PLUS loans will be fixed at 8%.

Article by Linda Abraham / College Admissions, Grad School Admissions, Law School Admissions, MBA Admissions, Medical School Admissions / Financial Aid

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