June 8, 2013
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College is expensive, and its cost is about to go up again. In less than a month the interest rates on federal Stafford Loans is set to double, from 3.4 percent to 6.8 percent, unless Congress comes up with an alternative. This hike will come at a time when student debt has surpassed the $1 trillion mark and college tuition costs are continuing to increase yearly with no end in sight.