College Loan Vote Set for Today

There is a deadline looming for any student who will need to take out a government subsidized loan for the upcoming academic year.

The interest rate is set to double.

This means their college degree will cost them thousands of dollars more.

The house is expected to vote on a GOP bill on Friday that would prevent interest rates on federal student loans from doubling as of July 1st.

President barrack Obama visited three college campuses this week calling to keep the rates down.

If congress does not act, the current interest rate on federally subsidized student loans will jump from 3.4% to 6.8%.

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