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Some in Congress have proposed lowering student loan interest rates to reduce the debt burden facing students and families. This report addresses one specific proposal to cut interest rates on undergraduate subsidized Stafford student loans in half, from 6.8% to 3.4%, over a period of five years. |
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This report looks at the issue of unmanageable debt as it pertains to college graduates entering two critical public service careers: teaching and social work. Given increasing dependence on student loans, borrowers graduating from four-year schools and working in these two public service careers often carry more debt than they can manage. |
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