interest rates en Schumer defends lower student loan rates <p><strong><a href="">Federal Stafford Loans</a></strong> allow students to defer student loan&nbsp;payments while attending school full-time. Although current interest rates hold at 3.4%, they are set to double on July 1st as a result of the expiration of the 2007 College Cost Reduction and Access Act.</p><p>Speaking on the steps of <strong><a href="">Syracuse University</a></strong> on Monday, <strong><a href="">Senator Schumer</a></strong> pledged to put his weight behind a bill to keep student loans at their current rate for another year.</p><p>&quot;It is now a greater burden than almost any other lending burden around,&quot;&nbsp;Schumer said. &quot;For the federal goverment to charge 6.8 percent at a time when interest rates are so low, is almost highway robbery.&quot; Tue, 17 Apr 2012 14:52:42 +0000 Durrie Lawrence 17728 at Schumer defends lower student loan rates