The interest rate on government-backed student loans is going to jump from 3.4 percent to 6.8 percent Monday. Republicans, Democrats and the Obama administration could not agree on a plan to keep it from happening. Lawmakers say a deal is still possible after the July 4 recess.
via Pocket http://www.npr.org/2013/06/28/196243698/student-loan-rates-set-to-double-on-july-1