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Looming loan rate increase has students worried




College loan debt isn't easing up, and students are struggling to navigate a plethora of obligations.
College loan debt isn't easing up, and students are struggling to navigate a plethora of obligations.
File photo from Kevork Djansezian/Getty Images

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California congressional representatives are joining students in the nation's capital today to try to stop a student loan interest rate hike. If Congress doesn't act by July 1st, rates on federally-subsidized loans will double.

That could add thousands of dollars of more debt for the average student; nearly half of California college students borrow money to go to school. From the California Report, Charla Bear has the story.