Op-Ed by WWU's Clara Capron: Western helps students manage educational debt
The Bellingham Herald
Unless Congress acts, this summer the interest rates on new federally subsidized Stafford loans will double, increasing from 3.4 to 6.8 percent. At a time when more and more college students are taking on new debt, this is a daunting prospect. Some estimates place total outstanding student debt in the United States at more than $1 trillion. The reasons for the continuing surge in student debt are complex - affected by the protracted recession, weak labor market and tuition increases across the nation as states deal with billion-dollar deficits in part by slashing funding to public colleges and universities. Read more here: http://www.bellinghamherald.com/2012/04/07/2472278/whatcom-view-western-helps-students.html#storylink=cpy
Why this is relevant:
Clara Capron is the director of Financial Aid at Western Washington University.