Created: 07/06/2013 9:07 AM KSTP.com By: Cassie Hart
Incoming college students and their parents have a close eye on congress this summer.
If lawmakers can't reach a compromise before fall, students will have to pay 6.8 percent interest on Stafford loans. That’s double the amount they've been paying for at least six years. The increase could cost the average student an extra $2,600 over 10 years.
But college can still be affordable if you plan wisely, according to Nicole Middendorf from Prosperwell Financial.