Interest Rates
Senators reach deal on student loan interest rates, prepare for vote
Washington Post By Jenna Johnson July 18, 2013 Under pressure from the White House, Senate leaders are quickly moving forward with a plan to change how the government sets federal student loan interest rates, tying them to market rates but imposing caps on how high those rates can go.Senate Majority Leader Harry Reid (D-Nev.) said […]
Reversing Student Loan Hike
Morning Briefing: Sprint to August Begins With Student Loans, Health Law By Adriel Bettelheim, CQ Roll Call www.cq.com Senate Democrats’ top priority this week will be trying to reverse a doubling of federal student loan interest rates that took effect July 1 and ending a months long impasse that could affect 7 million students who take out […]
House Passes Bill Tying Student-Loan Interest Rates to the Market
By Kelly Field (Chronicle.com) Washington Defying a threatened presidential veto, Republicans in the House of Representatives passed a bill on Thursday that would tie student-loan interest rates to the free market. If enacted, the bill, HR 1911, would prevent interest rates on subsidized Stafford loans from doubling on July 1, and put an end to the temporary fix […]