SEATTLE (AP) - Washington college students say they need Congress to give them affordable student loans at a rate they can depend on, instead of a yearly debate on rising interest rates.
The student body president at the University of Washington says the student loan debate in Congress is frustrating. But Evan Smith fears a yearly debate on this issue is becoming the new normal in Washington, D.C.
Interest rates on new subsidized Stafford loans are set to double, from 3.4 percent to 6.8 percent, on July 1. Lawmakers in Congress say they want to avoid the increase but were divided on how to do that.
Smith says the lack of certainty about student loan costs, plus the fact that the Washington Legislature has not yet set tuition rates for next school year is adding to student stress.
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