@return2ozma to

News • 7 months ago

Students borrowing from the federal government this fall will face the highest interest rate in more than a decade

www.nbcnews.com

cross-posted to:
aboringdystopia

63

Students borrowing from the federal government this fall will face the highest interest rate in more than a decade

www.nbcnews.com

@return2ozma to

News • 7 months ago

cross-posted to:
aboringdystopia

Students borrowing from the federal government this fall will face the highest interest rate in more than a decade

www.nbcnews.com

While the rate level is set by a pre-determined formula, the Obama administration was able to retroactively reset interest rates through a bipartisan effort in 2013.

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@TechNerdWizard42
link
5•7 months ago
Almost like when the fed rate is high, ALL borrowing rates are high… Look at that.

Students, mortgages, auto loans, and the big vampire one of credit card APR rates are going up up up.

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