Student Loan rates set to nearly double on July 1

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Student Loan rates set to nearly double on July 1

Student Loan rates set to nearly double on July 1
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Student Loan rates set to nearly double on July 1

by CBSTV Videos 2:39 mins

Student Loan rates set to nearly double on July 1

by CBSTV Videos 2:39 mins

Student loan interest rates will nearly double to 6.8 percent on July 1 for more than seven million students. Carmen Wong Ulrich, industry professor in finance and risk engineering at NYU Polytech, shares her thoughts with "CBS This Morning: Saturday."

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