Student Loan Rates Double As Calendar Turns To July

“The increase is a product of Congress failing to reach a compromise last week to avert the rate hike, which Congress' Joint Economic Committee has estimated will cost the average college student an additional $2,600.” Add that to the cost of the remedial education courses so many require these days when they enter college extending the time it takes to earn a degree and that's a lot of money. No wonder there's whispers of student loan debt being the next bubble to pop.