Tue, Mar 26, 2013 -- 10:00 AM
Student Loan Interest Rate Set to RiseDownload audio (MP3)
The current student loan debt totals $1 trillion. It's the biggest worry among college-bound high school students, according to a recent Princeton Review Survey. They may have even more to worry about starting July 1, when the interest rate for subsidized student loans jumps to nearly 7 percent, unless Congress acts. Is there a better plan for students to manage, or even lower, their overall debt? We talk to experts about options for dealing with student loans.
Host: Thuy Vu
- George Miller, congressman representing the 11th District of California in the East Bay, and senior Democrat of the House Education and Workforce Committee
- Jason Delisle, director of the Federal Education Budget Project at the New America Foundation
- Mike Cagney, co-founder, CEO, and chairman for SoFi, a group which connects students and alumni through a social community lending pool
- Nancy Coolidge, coordinator for federal and state programs, student financial support at the Office of the President, University of California