Because Congress was unable to strike a deal to keep subsidized Stafford loan interest rates low, the rates have now doubled from what they were last week for college students. On Monday, subsidized Stafford loan interest rates went to 6.8 percent, which is about an extra $2,600 per student in costs. However, lawmakers might be able to return the interests rates to 3.4 recent when they come back after the Fourth of July.

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