Detailed text transcripts for TV channel - FOXNEWS - 20130718:10:17:00
Student loan rates. students going to college in fall taking out a new loan they will pay an interest rate of 3.85%, only slightly higher than what was being paid last year. and caps have been imposed so that in the future the rate will never go above 8.25% for undergrads, over 9% for graduate students. if it's the parent taking out the loan, just over 10%, 10.5%. that's all the good news. we've rolled back the recent spike. to answer your question, we have not solved the underlying problem which is we're subsidizing all of these loans at great cost to the taxpayer. we have not solved the prob...