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Idea of the Day: How We Can Get Student-Loan Interest Rates Under Control

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On July 1, 2013, interest rates on federal subsidized Stafford student loans, which are provided to low- and middle-income students, are scheduled to double from 3.4 percent to 6.8 percent. Congress acted to prevent an identical rate hike from going into effect on July 1, 2012, and is preparing to act to keep rates low again this year. There are key differences, however, between the various proposals to do so and unfortunately some of the proposals are worse than the status quo.

A new CAP column analyzes the potential interest rates in coming years under the key proposals—by President Barack Obama; Rep. John Kline (R-MN), whose proposal the House of Representatives approved last week; and several proposals introduced in the Senate.

For more on this topic, please see:

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Print: Tom Caiazza (foreign policy, energy and environment, LGBT issues, gun-violence prevention)
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Print: Chelsea Kiene (women's issues,, faith)
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Print: Benton Strong (Center for American Progress Action Fund)
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Spanish-language and ethnic media: Jennifer Molina
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Radio: Chelsea Kiene
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This is part of a regular column: Idea of the Day

For more from the same column, click here