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Student Loan Rates Increase

University of South Alabama social work and pre-law student Jonathan Davis compalins about the student loan interest rate increase. Screenshot courtesy of WKRG.com.

University of South Alabama social work and pre-law student Jonathan Davis complains about the student loan interest rate increase. Screenshot courtesy of WKRG.com.

Due to Congressional inaction subsidized student loan rates will double to 6.8 percent.

WKRG.com news in Mobile, Ala., gave students the microphone and let them vent about how the increase will make it harder and longer to pay for college.

One was Jonathan Davis, who is majoring in social work and pre-law at the University of South Alabama.

“I probably owe $30,000 right now,” he said. “Yeah, it’s tough.”

Q: Are you affected by the student loan rate increase?

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