Student loan vote fails Senate again, sticking borrowers with higher rates

Posted on July 10th, 2013

Today, the Senate failed once again to implement a one-year, retroactive fix that would keep rates at 3.4 percent on federal subsidized Stafford loans made from July 1, 2013, to June 30, 2014.

On July 1 of this year, the interest rate on new student loans doubled to 6.8%. Lawmakers have been debating various proposals to lower student rates but have neglected to come to an agreement. Read the full story at Huffington Post.

Category: Financial Aid News

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