Student Loan Rates to Rise?

The February report from the Congressional Budget Office, stated the federal government makes 36 cents in profit on every student-loan dollar lent. It estimates that in total, student loans will bring in $34 billion next year, as the government will make more money on student loans than Ford makes on automobiles.

Meanwhile, the interest rate on many student loans is scheduled to double on July 1, to 6.8 percent from 3.4 percent.