This past week Congress approved a measure to lower loan costs for college students and their families. President Obama is expected to sign it later this month. However, although the measure will help students heading off to school this fall, it may do more damage than good in the long run. Research shows that in as little as two years, students and their families will most likely be paying more for government loans than they paid last year. Because of this, many believe that the Student Loan Deal is only pushing the problem farther down the line, not actually solving it.
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