Last updated 10:48AM ET
October 19, 2017
WOUB Local News
WOUB Local News
OU marks loan rate cut
(WOUB) - The cost of getting an education just went down for some college students.

The College Cost Reduction Act took effect yesterday.

It drops the interest rate on federal student loans from 6 point 8 percent to 6 percent...and the rate will continue to fall until it reaches 3 point 4 percent in 2011.

At Ohio University, the occasion was marked with some speech-making by a school official and a visiting congressman.

W-O-U-B's Allison Herman has more on the story....
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