After months of uncertainty and partisan bickering, President Barack Obama signed into law a student loan deal on Friday that will retroactively lower interest rates for millions of college students.
The new law ties student loan interest rates to the market and locks in the rate for the life of the loan. But as the economy improves, students may see interest rates rise above current levels because the rates can change from year to year. For the coming school year, undergraduates can take...Read more:Obama Signs Student Loan Interest Rate Deal
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