- Students use alternative art materials for one-night-only exhibition June 18
- Digital Media wins national prize for TEDxBirmingham video
- Trip to New York brings national attention to Birmingham renaissance
- Clothes that work for new grads hitting the market
- Hagel emphasizes leadership to Naval Academy graduates
- Birmingham Chosen To Host 2015 C-USA Basketball Championships
- On The Money: How new graduates can take on the job market
- Canvas unrolled for new school year
- Tornadoes Leave Trail of Devastation (Photos)
- Campus closes early Tuesday due to severe thunderstorm
- Alabama does a double take: ‘Urinetown: the Musical’ hits home twice
- A+ Performance by Legend
- UAB Women’s Softball defeat Charlotte 49ers (8-0)
- A Fun and Fluffy Study Break In Lister Hill
- UAB Earth Month Festival
Back to school Return of worry for some students
The federal government allowed the doubling of interest rates on college federal loans to 6.8%.
Democrats won a protection for students that rates would never climb higher than 8.25% for undergraduate students. Graduate students would not pay rates higher than 9.5%, and parents’ rates would top out at 10.5%.
Increasing rates aren’t the only thing on student’s minds.
“It’s hard enough thinking about paying back your loans when you’re done. You have to survive being broken the enire time,” said Aaron Powell, junior at UAB.
Adding up all the costs – supplies, clothes, shoes and electronics – highlights how expensive it can be to go to school. According to the National Retail Federation’s (NRF) 2013 Back-to-School Survey, families with school-age children will spend an average $634.78. Total spending on back-to-school is expected to reach $26.7 billion.
“I just wish there was money coming back into my pocket.”