Posts Tagged: New England members of Congress

Heap of Debt: Will Student Loan Interest Rates Go Up?

Americans now owe more on student loans than on credit cards, auto loans and mortgages, according to the Federal Reserve Bank of New York and the U.S. Department of Education. For the first time, student loans taken out in 2011 exceeded $100 billion with total student loans surpassing $1 trillion. Mounting student debt has forced many students to drop out, resulting in the low college-complet...