Today the interest rates on government-backed student loans are set to double if Congress does not act. Presently, low- and middle-income pupils may take down federal loans—called Stafford Loans—at a price of 3.4 %. Today, under present legislation, this rate increases to title max loans interest rate 6.8 percent—a price which will make payment on pupil financial obligation a whole lot more hard than it really is currently. PLUS loans, that are released to parents and graduate students for a price of 7.9 %, can be more pricey, too. If Congress will continue to stall, an incredible number of university students will dsicover their future loan obligations enhance substantially, placing further stress on future graduates who currently face a job market that is bleak.