college loans

Ryan Delaney / WRVO

New York's senior U.S. senator says the compromise on student loans Congress is scheduled to take up on Tuesday is a good one, even if it's not exactly what he wanted.

Interest rates on government issued subsidized student loans doubled on July 1, after Congress failed to renew the program. But late last week, several lawmakers announced a compromise that will bring rates back down, at least for now.

The cost of going to college is an issue of growing concern among students, their parents and public officials. Now the State University of New York is introducing a tool to help applicants figure out exactly how much it will cost them to attend.

Student debt levels rose by five percent last year according to a study by the Institute for College Access and Success.

Democrat Dan Maffei is promising to try and help families struggling with the cost of college. The Congressional candidate says  a big part of that is keeping the grant and loan programs that help millions of students pay for an education.