Schumer stumps for legislation to hold rates for federally subsidized loans
Friday, April 6, 2012
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U.S. Sen. Charles Schumer said college is becoming a necessity, yet is increasingly unaffordable for many students. And that situation could get worse if the interest rate on federally subsidized Stafford loans doubles from 3.4 percent to 6.8 percent, as it will unless Congress acts by July 1. ..