NewsViews: Student Loans

  

July 8, 2012 (CHICAGO) (WLS) -- President Obama has signed legislation that prevents the interest rates on student loans from doubling.

Congress approved the measure just over a week ago. Without it, rates on new, subsidized Stafford loans would have jumped from 3.4 to 6.8 percent.

That helps reduce debt, but with classes starting for many students next month, they and their families may be asking how are they going to pay for college.

Joining us for this edition of NewsViews are Timothy Opgenorth, director of the Office of Student Financial Aid at UIC, and Mark Gilbert with Reason Financial Advisors.

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