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Top News In American College Grads Today - Breaking & Trending Today

CNN CNN Newsroom June 30, 2013 20:42:00

Children and affect what is kind of jobs i choose. reporter: columbia student thought about drama but tuition costs forced her to drop out. now at age 30, she s only just finished her undergraduate degree. we re asking too much of our college students and we re narrowing and narrowing the field of who could be a college student in the country. reporter: american college grads owe more dlan sr. trillion in collective student loans. as tuition costs continue to soar, rising interest rates could soon be their next headache. interest rates need-based or subsidized stafford loans was fixed at 3.4%. now that congress hasn t intervened, that rate is scheduled to double. i definitely think that doubling the rate to 67.8% would increase default rates because, again, the students receiving the subsidized loans are from the lowest income brackets. reporter: while some lawmakers want to keep the rates at the lower 3.4% at least ....

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CNN CNN Newsroom June 30, 2013 22:39:00

Cnn s business correspondent zain asher explains what this could mean for america s future grads. i m almost $60,000 in debt which will affect my ability to have a mortgage and affect my ability to have a student and helped them. rachael studied drama but skyrocketing tuition forced her to drop out. we are asking too much of our college students and we are narrowing and narrowing the field of who can be a college student in the country. reporter: american college grads are more than $1 trillion in collective student loans. as tuition costs continue to soar, rising interest rates could be their next headache. interest rates or subsidized loans was fixed at 3.4%. now that congress hasn t intervened, that rate is scheduled to double. i think doubling the rate to ....

Zain Asher , Student Loans , College Students , College Student , Tuition Costs , American College Grads , 1 Trillion , Interest Rates , Congress Hasn T ,

CNN Your Money June 29, 2013 13:52:00

reporter: columbia junt rachel started out studying drama but skyrocketing tuition costs forced her to drop out. now at age 30 she s only just finished her undergraduate degree. we re asking too much of our college students, and we re narrowing the field of who can be a college student in the country. reporter: american college grads are more than $1 trillion in collective student loans. as tuition costs continue to soar, rising interest rates could soon be their next headache. interest rates for need-based or subsidized stafford loan were affixed at 3.4%. now that congress hasn t intervened, that rate is scheduled to double. i definitely think that doubling the rate to 6.8% would definitely increase default rates because, again, the students who are receiving the subsidized loans are from the lowest income brackets. reporter: while some lawmakers want to keep the rate at the lower 3.4% at least temporarily, others say student loan rates should be allowed to ....

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