Posted on Friday, September 7th, 2012 at 3:35 pm
A report by CNNMoney indicates that right before the July 2012 deadline, Congress voted to extend the student rate of 3.4% for another 12 months. By doing this, Congress avoided a spike in interest rates on these types of student loans. Chapter 13 bankruptcies can effectively consolidate and repay student loans. Contact our Joliet Bankruptcy lawyers today to schedule a free bankruptcy consultation.