Lack of deal on student loans leaves Michigan students in limbo, facing higher tuition

9:17 pm
Sun June 30, 2013

Lack of deal on student loans leaves Michigan students in limbo, facing higher tuition

Lead in text: 
Data shows number of students taking out student loans and amount they're taking out continues to climb
Thousands of Michigan college students are getting punched in the wallet by a combination of tuition hikes averaging 3.45% and a doubling of interest rates on some of their loans that will go into effect Monday. In the short run, they'll be paying more on their annual tuition bills, with the highest increase at 8.9% announced last week at Wayne State University.