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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Jun 23, 2013
Page
1
The debate over the subsidized Stafford loan rate shows Congress and the president at an impasse as the rate could rise from 3.4 percent to 6.8 percent after July 1. Lawmakers seek a deal to avoid higher costs amid rising college tuition, with ongoing student impact and public concern. Max Wolfe, Wingate University junior, illustrates the debt burden and planning for repayment amid uncertain rates.
A $10,000 subsidized Stafford loan would accrue about 93 cents daily at 3.4 percent. If rates double after July 1, daily interest would rise to $1.86. Over time this could add hundreds or thousands to debt, with the Institute for College Access and Success estimating about $4,000 more for a typical 10 year repayment. Max Wolfe of Wingate University is named in the piece.
Joanie Slusser details months of sleepless nights after thieves robbed her home. Gaston County Police Captain Bill Melton notes 572 burglaries investigated last year, a 12 percent rise from 2011, with most break-ins occurring during the day when residents are away.
In 2012 burglary and property crime levels rose in north west and eastern Gaston County while Bes semer City saw a drop. A survey of 998 residents found 50 percent had been crime victims at their current address. 84 percent of all crime was property crime and 42 percent of property crimes were burglaries.
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