Warren Bill Would Ease Student Loan Interest Rates - Higher Education


Higher Education News and Jobs

Warren Bill Would Ease Student Loan Interest Rates

Email




by Associated Press

BOSTON — U.S. Sen. Elizabeth Warren is calling on Congress to stop student loan interest rates from doubling this summer.

The Massachusetts Democrat introduced a bill Tuesday that would let students pay the same interest rate on their government loans as banks.

Student loan interest rates are set to jump from 3.4 to 6.8 percent in July. Warren said banks can borrow from the Federal Reserve at an interest rate of less than 1 percent.

In a speech on the Senate floor, Warren said supporting college graduates is critical to a strong economy and is as much of a priority as providing banks with cheap access to credit.

Warren said her bill would let students borrow funds at the same rate as banks borrow from the Federal Reserve for one year.

RELATED ARTICLES >>
Report: Higher Ed Must Factor In Growing Single Mother Student Population Two-parent households are dwindling in the United States, with four out of 10 children being born to a single mother, according to a new report from the Institute for Women’s Policy Research (IWPR). Between 1999 and 2012, the number of single mothers...
Action on Student Loan Forgiveness Delayed as Rules Revised WASHINGTON — Tens of thousands of former students who say they were swindled by for-profit colleges are being left in limbo as the Trump administration delays action on requests for loan forgiveness, according to court documents obtained by The Assoc...
Efforts to Reduce College Costs May Have Little Impact on Degree Attainment Increased spending at colleges and universities — particularly mid-tier public institutions — leads to greater degree completion, but lower tuition costs do not. Dr. David J. Deming of the Harvard Graduate School of Education co-authored the repo...
GWU, Among Urban Colleges Providing Scholarships to Locals When she was a senior at Thurgood Marshall Academy in Washington, D.C., Faith Hudson’s school called a special assembly. She didn’t think much of it; visitors often came by for panels and to learn more about the small public charter school in Southea...
Semantic Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *