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Take Two

Time is running out for student loan rate hike deal

By Take Two Staff
Published Jun 28, 2013
US President Barack Obama speaks on student loans on May 31, 2013 in the Rose Garden of the White House in Washington, DC.
US President Barack Obama speaks on student loans on May 31, 2013 in the Rose Garden of the White House in Washington, DC.
(
MANDEL NGAN/AFP/Getty Images
)

Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.

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Time is running out for student loan rate hike deal

On Monday, July 1, federal student loan rates are set to double. An estimated 7 million students who'll take out new Stafford loans will see bigger college bills. That is, unless the Senate does something soon. 

With more is Kelly Field, chief Washington correspondent for the Chronicle of Higher Education.