News

August 01, 2013

Congress Reaches Deal To Lower Student Loan Rates

On Wednesday, Congress sent a bill to President Obama thatlowers the interest rate on government subsidized student loans. The rates on those loans had risen from 3.4 percent to 6.8 percent on July 1 after Congress failed to pass a bill that would keep them low. Obama has already voiced his support for it.

Read the Full Story Here: Think Progress