Student Loan Rates Up: Wyo Students Could Owe Thousands More

Laramie, WY – On July 1st, the interest rate on student loans went up. And a group estimates that in Wyoming this means students and parents will have to pay around $2000 more on their loans. Report author Earl Hadley works for the Campaign for America's Future. He says with more debt, grads will have less disposable income. He says Congress could bring the interest rate down and make college more affordable. Others counter the money is needed to pay down the deficit and that the trend now is for all interest rates to go up.