Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

U.S. House Approves GOP Student Loan Bill

Friday, May 24, 2013 - 6:40 AM
From USA Today
The U.S. House of Representatives approved a GOP-backed student loan bill Thursday to address an impending July 1 interest rate hike on subsidized Stafford college loans by tying future interest rates to the market instead of allowing Washington to determine the rate.

The bill was approved on party lines, 221-198. Senate Democrats oppose the bill and the White House issued a veto threat on Wednesday, so its prospects are dim.

Read more
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708