Articles by Andrew Doolittle

House GOP to Set Student Loan Interest Rates to the Market
House GOP to Set Student Loan Interest Rates to the Market
zimmytws / Shutterstock.com WASHINGTON, D.C. -- House Republicans released a bill last week to prevent student loan interest rates from doubling by permanently setting them according to the markets, an idea initially put out by President Obama’s 2014 budget proposal. The bill, known as the "Smarter Solutions for Students Act," would include all federal loans, except the Perkins loan and cap the rates at 8.5 for Stafford loans and at 10.5 percent for graduate and parent PLUS loans. Currently, l...
13 May, 2013
-
4 min read