Local News
(2007-01-19)
UNDATED
(wnmu) -
Students would have an easier time paying back college loans, under legislation passed by the U.S. House this week. The bill would cut interest rates on new, federally subsidized student loans from 6.8 percent to 3.4 percent over four years. Congressman Bart Stupak blames current interest rates on the previous Republican Congress. He says rates went up to cover tax breaks for rich Americans. Stupak says if passed, the bill would save a student with $13,800 in loans about $4,400 over the life of the loan. The bill now heads to the Senate for consideration. © Copyright 2013, wnmu
