Student loan rate set to double Senator Elizabeth Warren, a Massachusetts Democrat who also campaigned on lowering student loan debt, had pushed for tying the student interest rate to what big banks pay to the Federal Reserve and lowering loan rates to 0.75 for one year. But Warren’s bill, her first piece of standalone legislation, never made it to the Senate […]
Sen. Warren: Congress must block student rate hike U.S. Sen. Elizabeth Warren and Congressman John Tierney plan to join students and professors to highlight a July 1 deadline when the interest rate on federal students loans are set to double if Congress doesn’t act first. The interest rate on federal student loans is currently set at 3.4%. Warren and Tierney have introduced a […]