Bill Would Cut Tax Loopholes To Keep Interest Rates For Student Loans Down
As President Barack Obama makes his way across the country to slam an impending increase in federal student loan-interest rates, a group of congressional Democrats is announcing plans to introduce a legislative fix. Rep. George Miller (D-Calif.), the ranking member of the House Education and Workforce Committee, announced late Tuesday plans to introduce the "Stop the Student Loan Interest Rate Hike of 2012." According to Miller, the bill would prevent the interest rate for federally subsidized Stafford loans from doubling from 3.4 percent to 6.8 percent for one year. BLOG POSTS
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