Bill nelson

Sen. Nelson: Keep Student Loan Interest Rates Low

May 3, 2012
Photo Credit: Matthew Gil

If Congress doesn't take any action, current student interest rates will double by July 1st. Senator Bill Nelson visited the University of South Florida Tampa campus Thursday to talk with students on how it would affect them.

Keeping the current interest rate at 3.4 percent for one more year will cost the federal government $6 billion and Congress can't agree where to get the funds from.

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