Event Looks to Help Avoid ‘Crippling’ Loans

Federal student loan interest rates are set to increase next week, and an Indiana nonprofit is looking to help students navigate the loan process. InvestEd Chief Executive Officer Joe Wood says rates for undergraduates will increase from 3.76 percent to 4.45 percent, resulting in average payments of about $10 more per month, or $1,100 over the life of a loan.