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.
- Snow, bitter cold to make for messy commute
- Office Depot moving OfficeMax HQ from Naperville to FL
- School, Emergency Closings
- ABC7 Weather Forecast
- Crews battle large fire in unoccupied Skokie building
- Groupon founder to donate half his wealth to charity
- Mega Millions winning numbers drawn for $344M
- Store owner shoots, kills alleged robber on SE Side
- Video released of multi-vehicle pile-up near Milwaukee
- Public hearing discusses Ashland bus-only lane
- Lake Zurich lockdowns lifted after reported student with weapons
- Derrick Smith wants case thrown out for being too 'vague'
- Santa visits cancer patient at Northwestern Hospital
- abcnews: Dog thwarts mail delivery for over a year