If you take out a Student Loan before July 1st, your interest rate will be 3.4%.

If you wait until after July 1st, it will DOUBLE to 6.8% !!

The only power that stop it from happening is Congress and it doesn't look likely that they will stop it. The didn't stop the sequestration earlier this year. So, I doubt this will be any different.

So, if you thinking on getting a student loan, NOW - THIS WEEK is the time to get it.