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 Senate today will vote on a Democratic plan to prevent a scheduled increase in the interest rate on federal student loans. The bill proposes extending the current rate on student loans, and paying for the extension by closing a ... 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