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Student loan rate hikes explained

Published On: Jul 08 2013 12:51:27 PM EDT   Updated On: Jul 09 2013 02:00:00 AM EDT

Here's what you need to know about the recent hike in student loan interest rates.

Piggy bank, graduation, college savings
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iStock / kroach

Tuition at public schools: With education costs going up and student aid and grants not keeping up, students at many public institutions can expect to pay more in tuition and fees this year.

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