A pair of Republican senators have introduced a bill aimed at providing a long-term fix for the expected hike in student loan interest rates.
Interest rates on federally subsidized Stafford student loans are scheduled to double in July from 3.4 to 6.8 percent. Congressional Republicans and Democrats have not yet agreed on a measure that would prevent the interest rates from doubling, with both parties offering alternative ways to pay for the cost of extending the subsidies (see Democrats, Republicans Remain at Odds on Student Loan Rate Freeze).
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access