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Student Loan Rates Set To Rise

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Student Loan Rates Set To Rise

The interest rate on subsidized student loans is set to double on July first to six point eight percent. South Dakota Senator Tim Johnson says he is hearing about that…

Johnson says the rate hike will add to growing student loan debt…

Johnson says a bill that would have reset the loan rate was blocked in the Senate…

Financial aid officials at the University of South Dakota said the rate hike would double yearly interest costs to about one thousand dollars.

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