Obama's Deja Vu Moment on Student Loans
He did say, however that if the Republican-backed plan became a reality, it "could actually cost a freshman starting school this fall more over the next four years than if we did nothing at all and let interest rates double on July 1."
An estimate by the Congressional Budget Office said the Republican's plan would put the Stafford rate at 5% by 2014. By 2018, it would be 7.7%.
--Written by John Sandman for Main Street
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