Got outstanding student loans? You’re in luck: Congress just passed legislation keeping your interest rates at 3.4% for another year.
Rates were set to double at the end of the month, but a huge package negotiated by Democrats and Republicans will retain the low(er) rates for another year (this only applies to federally-backed loans). The legislation passed the House and Senate today, and the White House has indicated that President Obama will sign it. So, yay! There’s a lot more policy in the bill, too, including extensions of federal highway programs and national flood insurance.
jiminy, that is good news. i really thought this wasn’t going to go through
Got outstanding student loans? You’re in luck: Congress just passed legislation keeping your interest rates at 3.4% for another year.
Rates were set to double at the end of the month, but a huge package negotiated by Democrats and Republicans will retain the low(er) rates for another year (this only applies to federally-backed loans). The legislation passed the House and Senate today, and the White House has indicated that President Obama will sign it. So, yay! There’s a lot more policy in the bill, too, including extensions of federal highway programs and national flood insurance.
jiminy, that is good news. i really thought this wasn’t going to go through
Posted 10 months ago & Filed under student loans, 294 notes
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unionheavy said:
Thank god.
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ahshaffer reblogged this from shortformblog and added:
woohoo!
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I can’t help but feel like I’d be more excited about this if the government was working towards finding a way to make...
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Phew. One more year to pay off as many loans as possible…>_>
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