Showing posts with label college students. Show all posts
Showing posts with label college students. Show all posts

Jan 13, 2007

House Democrats Propose Cut in Student Loan Rates

By DIANA JEAN SCHEMO
Published: January 13, 2007
WASHINGTON, Jan. 12 —

House Democrats on Friday unveiled a bill that would cut interest rates on federally subsidized loans to college students by half over the next five years.
They said they would finance the $6 billion measure by increasing costs that lenders pay to the government and reducing the largest lenders’ government-guaranteed profits.

This is good news - but why will it take 5 years? Doesn't take that long to give themselves a raise..does it!

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