Article continues after advertisement

“We look forward to working with members of both parties in the House and Senate to reach a solution that will prevent the doubling of rates and will keep college affordable for students and families now and in the future,” she said.

2.5 percent for subsidized and unsubsidized Stafford Loans, with a cap at 8.5 percent (current rates are 3.4 percent and 6.8 percent respectively);

And 4.5 percent for graduate and Parent PLUS loans, capped at 10.5 percent (the current rate is 7.9 percent).

Article continues after advertisement

Article continues after advertisement