Student Loan Battle
There was a big fight in D.C. this past week over student loans.
The issue is a scheduled increase in interest on new student loans from 3.4% to 6.4% set for July 1. Clearly this is a dumb plan. I don’t see any political opposition to the idea that the summer of 2012 is a horrible time to double the cost of student loans. It will shock no one that the ‘solutions’ being put forward by the politicos are the same ones they propose for every other problem.
The issue student loan interest rates has been simmering for a while, but with a deadline looming in July, Democrats are moving quickly to put the issue to the front burner. At issue is a 2007 law, set to expire on July 1, that keep... Read Post
Senate and House leaders announced this week that they have a tentative deal to prevent an increase in federal student loan interest rates that is scheduled to occur on July 1st. If Congress does indeed come to an accord, students w... Read Post