US: Don’t take out student loans this week

Source: Market Watch

- Last modified: July 2, 2013 at 8:54 AM

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The interest rate on federal student loans doubled to 6.8% from 3.4% on Monday, when Congress failed to intervene before the July 4th recess. But experts say those applying for loans now should hold off a few weeks to give Congress a chance to reconsider.

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