{"id":8820,"date":"2012-06-18T10:47:17","date_gmt":"2012-06-18T14:47:17","guid":{"rendered":"http:\/\/stateimpact.npr.org\/florida\/?p=8820"},"modified":"2012-06-18T10:47:23","modified_gmt":"2012-06-18T14:47:23","slug":"explaining-which-students-will-pay-more-for-student-loans","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/florida\/2012\/06\/18\/explaining-which-students-will-pay-more-for-student-loans\/","title":{"rendered":"Explaining Which Students Will Pay More For Student Loans"},"content":{"rendered":"<div id=\"attachment_8825\"  class=\"wp-caption module image right\" style=\"max-width: 300px;\"><a href=\"http:\/\/stateimpact.npr.org\/florida\/2012\/06\/18\/explaining-which-students-will-pay-more-for-student-loans\/studentloans\/\" rel=\"attachment wp-att-8825\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-8825\" title=\"StudentLoans\" src=\"http:\/\/stateimpact.npr.org\/florida\/files\/2012\/06\/StudentLoans-300x224.jpg\" alt=\"\" width=\"300\" height=\"224\" srcset=\"https:\/\/stateimpact.npr.org\/florida\/files\/2012\/06\/StudentLoans-300x224.jpg 300w, https:\/\/stateimpact.npr.org\/florida\/files\/2012\/06\/StudentLoans.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p class=\"wp-media-credit\">a.mina \/ Flickr<\/p><p class=\"wp-caption-text\">Federal student loan rates will double on July 1 unless Congress strikes a deal to extend the lower rates.<\/p><\/div>\n<p>Students enjoying a temporary reprieve in federal student loan rates know that the deal comes the an end July 1 &#8212; unless Congress can reach an agreement to extend the lower rates.<\/p>\n<p>The <em>Miami Herald<\/em> has a nice rundown on who will see their rates jump to 6.8 percent from 3.4 percent and who won&#8217;t. The story also lays out the political challenges facing any Congressional deal.<\/p>\n<p><a href=\"http:\/\/www.miamiherald.com\/2012\/06\/17\/v-fullstory\/2854570\/possible-doubling-of-college-loan.html\">From the story<\/a>:<\/p>\n<blockquote><p>The potential rate increase comes as students and families are increasingly finding college unaffordable, and the financial hits are coming from all directions: federal Pell grants can no longer be used for summer classes; state financial aid programs such as Florida\u2019s Bright Futures scholarships have been scaled back; double-digit tuition increases have become the norm.<\/p>\n<p>But not all undergraduates would be affected by the rate increase. Subsidized Stafford loans are awarded only to low-to-moderate income students, while unsubsidized loans (which anyone is eligible for) are already set at 6.8 percent, and so would not be affected by the July 1 deadline.<\/p>\n<p>Anyone who took out a loan before July 1 \u2014 whether you\u2019re still in school or have graduated \u2014 would also be unaffected, as student loan rates are fixed at the time you borrow.<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Students enjoying a temporary reprieve in federal student loan rates know that the deal comes the an end July 1 &#8212; unless Congress can reach an agreement to extend the lower rates. The Miami Herald has a nice rundown on who will see their rates jump to 6.8 percent from 3.4 percent and who won&#8217;t. [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[1013,1038,1167,1069,1141],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/posts\/8820"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/comments?post=8820"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/posts\/8820\/revisions"}],"predecessor-version":[{"id":8835,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/posts\/8820\/revisions\/8835"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/media?parent=8820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/categories?post=8820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/tags?post=8820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}