College Loans are Getting More Expensive for Students in Washington
YAKIMA, Wa - Paying for a college education is not getting any cheaper for students and their families in Washington. Interest rates for Stafford and Plus Loans have gone up
The organization 'Campaign for America' says Washington Students with an existing Stafford Loan will now have to pay more than $2,300 in additional interest. Students applying for a new loan will pay more than $2,800.
'Campaign for America' says parents with Plus Loans will pay an additional $3,000 on an existing loan, and close to $4,000 dollars for a new one.
Yakima Valley Community College says they're working with students to find ways to pay off their education without loans. "One real help for students is always apply early. And if they apply early that funding that isn't loan based is available to them," says Leslie Blackaby, Interim Dean of Enrollment Services and Financial Aid.
Blackaby says grants or scholarships are two ways that students can cut down on the loans they need.
She says an obvious way to make yourself a candidate for this money is for you to do well in school.