Here's what you need to know about the recent hike in student loan interest rates.
A proposal backed by Republicans and President Barack Obama would lock interest rates on all federal education lending to the 10-year Treasury note, the market rate the U.S. government pays when it borrows. In recent days, that rate has floated slightly around 2.5 percent.
However, Obama and the Republicans disagree whether those loans rates would be fixed during the life of the loan or if they should follow the market.
Library of Congress
DC Fire and EMS
Official White House photo by Pete Souza
David Becker/Getty Images
National Archives and Records Administration
Justin Sullivan/Getty Images
Jason Merritt/Getty Images for The Honest Company
It's easy to upload your photos and/or videos on News8000.com. Once you do, we'll share your upload with the community!
No email address was supplied by
To complete your registration on this site, please supply an address.
Please confirm or modify the email address to which you will have subscription offers sent.
For a more personalized experience, please supply the following optional information.