USA – We know what you’re thinking and no, pigs can’t fly.
Republican and Democratic senators were able to come to an agreement on student loan interest.
On July 1, student loan interest rates jumped up to 6.8%, but under the new deal it has been lowered to 3.86%.
Student loans are definitely a necessary evil. Any bit of cash saved helps, but of course, as the economy improves those interest rates are sure to go up.
Luckily, University of Houston students won’t have to worry about it as much. UH ranks 7th in the nation for graduating students with the least amount of debt.
Student loans will always be a financial issue for some, but for new grads looking for jobs, any bit of help counts!