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Student Loans Rates to Rise

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''The clock is ticking on student loan interest rates. The rates for federally-backed student Stafford loans will double from 3.4 percent to 6.8 percent on July 1. And what has Congress done to help these already struggling students? Absolutely nothing. Student debt now totals $1 trillion, and Congress is still deadlocked when it comes to preventing an increase in the interest rate on student loans.'