"Democrats, Republicans, and the Obama administration failed to strike a deal to prevent the increase, although congressional leaders say an agreement is still possible after the July 4 recess ends next week.
For now, students are left without any clarity as they face August bills for the fall semester. If there is no deal, the 7 million students expected to take out new subsidized Stafford loans this academic year could be stuck with thousands of dollars more in interest costs."
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