uAspire Responds to Student Loan Interest Rate Increase on NECN

By: Chris Loney | Tuesday, July 2, 2013

With the interest rates of subsidized Stafford student loans doubling today from 3.4% to 6.8%, students who take out these loans will find themselves paying more to afford their college education. Students are bracing for the financial impact of this increase, which is estimated to make paying back a 10-year loan 16 percent more expensive during the life of the loan.

Bob Giannino-Racine, uAspire CEO, and Ariell Christian, a recent graduate of Academy of the Pacific Rim who was served by uAspire this past year, were interviewed on NECN Business today to share their perspective. You can watch the video by clicking here.