Students to see double-interest for loans - KUAM.com-KUAM News: On Air. Online. On Demand.

Students to see double-interest for loans

Posted: Updated:

by Krystal Paco

Guam - If you're a college student dependent on student loans, brace yourselves: starting July 1st, you are now paying double the interest rate.

According to the University of Guam's director of professional and international programs Cathleen Moore-Linn, college students are seeing their interest rates go from 3.4% to 6.8%. This follows word that congress failed to act on legislation aimed to reduce interest rates for some federal student loans.

Moore-Linn notes the average UOG student takes six years to graduate with tuition and fees adding up to over 5- thousand dollars a year.

In response to the increase, she notes that U.S. Department of Education is working to reverse the increase, but it's unclear what action will be made at this time.

  • NEWS HEADLINESMore>>

  • Alleged armed robber begs judge for less time

    Alleged armed robber begs judge for less time

    "Nobody's dead. Nobody died." Those were words from defendant Jeremy Allen Evaristo in court today as he reasoned why the government should give him less than the 15 year jail term outlined in his proposed plea agreement. Evaristo is charged in a string oMore >>
    "Nobody's dead. Nobody died." Those were words from defendant Jeremy Allen Evaristo in court today as he reasoned why the government should give him less than the 15 year jail term outlined in his proposed plea agreement. Evaristo is charged in a string oMore >>
  • No settlement reached in clergy sex abuse lawsuits

    No settlement reached in clergy sex abuse lawsuits

    Mediation talks end today for the 180-plus clergy sexual abuse lawsuits hoping to settle out of court. Though he couldn't provide the details, plaintiffs' attorney David Lujan told KUAM on Friday afternoon "We didn't reach settlement, but we're still talkMore >>
    Mediation talks end today for the 180-plus clergy sexual abuse lawsuits hoping to settle out of court. Though he couldn't provide the details, plaintiffs' attorney David Lujan told KUAM on Friday afternoon "We didn't reach settlement, but we're still talkMore >>
  • Adult marijuana use legalized for CNMI

    Adult marijuana use legalized for CNMI

    Adult marijuana use is now legal in the CNMI. Governor Ralph Torres signed a law Friday that allows those who are 21 years or older to possess up to one ounce of marijuana, 16 ounces of marijuana infused products, and 5 grams of marijuana extracts. The laMore >>
    Adult marijuana use is now legal in the CNMI. Governor Ralph Torres signed a law Friday that allows those who are 21 years or older to possess up to one ounce of marijuana, 16 ounces of marijuana infused products, and 5 grams of marijuana extracts. The laMore >>
Powered by Frankly