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Student loan rate hikes explained

POSTED: 12:51 PM Jul 08 2013   UPDATED: 2:00 AM Jul 09 2013

Here's what you need to know about the recent hike in student loan interest rates.

Piggy bank, graduation, college savings
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iStock / kroach

Tuition at public schools: With education costs going up and student aid and grants not keeping up, students at many public institutions can expect to pay more in tuition and fees this year.

Around The Watercooler

House and keys

Couple's new home burns as they sign deed

A Pennsylvania couple feared the vacant next-door house would burn down, and they turned out to be right -- the house burned as they were signing a purchase deed.

Generic Clock

Teacher says breakfast made him late to school 111 times

An elementary school teacher says eating breakfast caused him to be late for work 111 times.

Nitama, Kishi Station's new cat stationmaster

Meet Nitama, Japan's new cat stationmaster

It's one of the most closely guarded succession plans outside of North Korea: Who will replace Tama?

Japan's cute cat stationmaster passed away earlier this year, leaving a kitty-shaped hole in the country's heart and its 27,000 kilometer-long railway...

Empty airport security line, Hurricane Sandy

Airline passenger chugs bottle of cognac at security gate

An air traveler in China chugged an entire bottle of pricey cognac before attempting to board her flight in Beijing because security wouldn't allow the bottle of booze on board.

Man bathroom

One man's waste is another's medicine

It's the middle of the day for Eric, a 24-year-old research assistant at the Massachusetts Institute of Technology, and nature is calling.

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