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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.

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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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