Financial aid offices warning students about rising interest rates - Amanda Dyslin, Mankato Free Press

Now that spring has set in, financial aid forms are being filled out for fall-semester starts, and students are starting to get budgets together to prepare for their expensive post-secondary careers. But there’s an added cost that area financial aid experts are warning students about that will affect the amount of student loan debt they’ll end up with after college. Incoming college freshmen could end up paying $5,000 more for student loans if Congress doesn’t stop interest rates from doubling. Mandatory federal budget cuts are taking place, making a deal to avert a doubling of interest rates much more elusive before a July 1 deadline. http://mankatofreepress.com/local/x237732986/Financial-aid-offices-warning-students-about-rising-interst-rates