Student Loans: 5 Tips to Empower Yourself [Video]

PHOTO: Students study at Yale University in New Haven, Connecticut. Some schools, including Yale, waive tuition for low-income students.PlayMichael Marsland/Yale University
WATCH Student Loans: 5 Ways to Empower Yourself Without Help From Congress

Interest rates on subsidized Stafford loans doubled earlier this month.

Republicans and Democrats in Congress have been arguing about ways to reform the loan system, so it's possible the rates could decline again.

But for now, here are five ways to empower yourself when it comes to student loans -- and some alternative ways to pay for college.