Interest rates for certain federal student loans will double on July 1 unless Congress can amend current laws before the deadline.

Rates on Stafford subsidized loans, which Congress reduced to 3.4 percent as part of a 2007 economic stimulus efforta, were scheduled to increase last year, but President Barack Obama worked with Congress to secure a one-year extension to keep the student loan interest rates at the same level.

Rob Mieso, interim directer of financial aid and scholarships at De Anza, said the office has no control of how students are charged for aid.

“What the financial aid office does is to process the students’ application, base it on their issues and proper documentation, then award the loans for which the students are eligible,” he said.

According to the 2013 year-to-date report of financial aid comparisons, 1,934 students applied for student loans, of which 1,121 applied for federal subsidized Stafford loans.

Mieso said that because they don’t encourage students to apply for the loans, especially transferring students, few continuing De Anza students will be affected.

Mieso said he thinks Congress will increase the Stafford loan rate because market rates already increased, but he hopes they will reach a middle-ground agreement like President Barack Obama’s proposed 4.25 percent.

Bobby Livingston, 24 years old, said, “I don’t want an increased interest rate. I have some debt to deal with, and if interest rate goes higher I might considering taking a full-time job for couple years first.”

USA Today reported that Democrats and Republicans proposed different solutions. The Republican plan tied the Stafford loan rate to the market rates with a cap at 8.5 percent, while the Democrat’s plan extended the 3.8 percent for another two years. Both efforts failed in Congress on June 6.