Education, From The Capitol To The Classroom

Student Loan Interest Rate Measures (Still) Sputtering In The Senate

Interest rates on federally-subsidized interest rates would double from 3.4 to 6.8 percent if Congress doesn’t act before July 1. From Inside Higher Ed:

“Rates are still scheduled to double on July 1. The Republican proposal would have paid for the $6 billion extension by eliminating a preventive care fund in the health-care overhaul; it failed, 34-62. The Democratic proposal would have changed a tax provision that allows some small business owners to avoid paying payroll taxes; it failed to advance on a 51-43 vote.”

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