Senate passes student loan measure
July 24th, 2013
06:36 PM ET
1 year ago

Senate passes student loan measure

Washington (CNNMoney) - The Senate on Wednesday approved a bipartisan deal that ensures lower interest rates on loans for students heading to college this fall.

Senators voted 81 to 18 to lower interest rates for undergraduates taking out government loans this school year to 3.86% - cheaper than the 6.8% interest rate that kicked in on July 1. The new rates would be retroactive and apply to loans taken out after July 1.

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Filed under: Education
soundoff (2 Responses)
  1. Gurgyl

    College education to USA citizens ought to be free. I mean FREE. Period.

    July 24, 2013 06:43 pm at 6:43 pm |
  2. Name Uche Agonsi

    Thanks but no thanks to the deal-making Senate. I hate these deal ideas. They dont bring out the best in decissions. What of students loans thereafter. The Senate thinks they are doing the students a favour. Its the future of America we are talking here.

    July 25, 2013 12:16 am at 12:16 am |