financial aid

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Interest rates double today for any students applying for the federal government's subsidized Stafford loans, after Congress failed to agree on a deal to lower interest rates.

Students at Onondaga Community College take out $21 million in loans every year to help pay for their education. Financial Aid Director Kate Bellefeuille says some potential students at OCC will be affected by the higher rates, which are jumping from 3.4 percent to 6.8 percent.

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.

As the rising debt of recent college graduates becomes a focus of families across the country, Sen. Kirsten Gillibrand (D-N.Y.) is trying to clarify the cost of higher education.

Gillibrand announced today that she is supporting new uniformed financial aid forms released by the Department of Education. She says a greater understanding of costs will help families plan better for college.