Contact Us

US Senate May Keep Student Loan Rates Low

flickr.com, CE Kent

WASHINGTON (AP) — The Senate is taking up legislation to keep student loan rates low, at least for now. The Democratic-controlled Senate on Thursday was set to consider competing versions of student loan proposals.

Democrats want to extend the current 3.4 percent interest rate on new subsidized Stafford loans for two more years while lawmakers do a comprehensive overhaul. Republicans, meanwhile, want to link interest rates to 10-year Treasury notes. It’s not clear either proposal has enough votes to move forward.

Without congressional action, interest rates on new subsidized Stafford loans would double to 6.8 percent on July 1. The Republican-led House already has passed legislation similar to the Senate Republicans’ proposal.

Best of 95.7 KEZJ

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://kezj.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for EZ VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive EZ VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.