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Student loan rate hikes explained

Published On: Jul 08 2013 11:51:27 AM CDT   Updated On: Jul 09 2013 01:00:00 AM CDT

Here's what you need to know about the recent hike in student loan interest rates.

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Some experts suggest Washington should just freeze rates at their current 3.4 percent level for a year or two and use the time to plan an expansive overhaul of the whole student loan system.

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