Stafford Loan interest rates

Lower College Loan Interest Rates Won't Fix the Student Debt Crisis

People with student loans got some good news this weekend, as Congress extended a cut in the interest rate on federal Stafford loans for a year. That'll save borrowers some money now, but those low rates may just be compounding the student debt crisis.

How Low Interest Rates Could Push College Costs Even Higher

With so many young adults struggling with college debt, maintaining the current low 3.4% interest rate on Stafford loans sounds like a no-brainer. But former Education Secretary William Bennett thinks low rates will only lead colleges to become more expensive.