Congress set to extend low student loan rates
June 29th, 2012
08:45 AM ET
10 years ago

Congress set to extend low student loan rates

Washington (CNNMoney) - Congress is expected to vote Friday to extend low 3.4% interest rates on federally subsidized student loans for another year, barely beating a July 1 deadline when the rates would double.

Both the Senate and House were expected to pass the measure.


Filed under: • Congress • Education
soundoff (14 Responses)
  1. Wire Palladin, S. F.

    What's the catch? Did democrats have to agree to stop funding women's reproductive rights programs? How did republican congressmen agree on anything that does not include anti abortion language?

    June 29, 2012 08:53 am at 8:53 am |
  2. Gurgyl

    Is it a drama? Or scared of dictum of yesterday?????

    June 29, 2012 09:13 am at 9:13 am |
  3. Dominican mama 4 Obama

    Um-hunh. Congress is in deep doo-doo. Now they are trying to make cheap amends with this and the Highway Bill.
    They've overplayed their hand after sitting on them for almost 3 1/2 years.
    November cannot come fast enough for folks on BOTH sides of the aisles.
    I'm not partisan. I'm AMERICAN.

    June 29, 2012 09:16 am at 9:16 am |
  4. Ray E. (Georgia)

    Why not give away the store. After the Roberts Court "Ruling" who cares about economics. What the Supreme Court said was you don't need us, anything you slugs can get away with doesn'r concern us. You wanna play Nero and burn down the house, it's all right with us. Burn away. You wanna raise the National Debt, who cares. We can always get more money from China, or print it.

    Student Loans, no problem. Most of it will never be paid back anyway. What Goose?

    June 29, 2012 09:18 am at 9:18 am |
  5. Darryl

    I'll be shocked if the bill passes.I have watched for 3 1/2 years on C-Span live and I have seen the Republicans Party delibertly STOP all progress on everything and anything to help this country pull out of the worst economy we have ever seen. They are discusting and need to get voted out of office in November.

    June 29, 2012 09:46 am at 9:46 am |
  6. Siam

    If school costs haven't risen faster than inflation this would not be such an issue. The cost of college is absurd and about 30% of recent grads can't even find work. Loan rates are important but they need to look at the escalationg costs of all these state universities.

    June 29, 2012 09:55 am at 9:55 am |
  7. Four and The Door

    Why don't they just eliminate interest on student loan money and automatically qualify every American kid for $100,000 a year in higher education loans for 6 years? I will tell you why. Because the cost of a higher education would go up to $100,000 a year on average and even more people would graduate school with $600,000 of debt to start their lives out with.

    My point is that at some point this doesn't help anyone. Higher education is getting way way too expensive. Do you see why?

    June 29, 2012 09:56 am at 9:56 am |
  8. pat pat

    Coming from a country with socialized medicine, I can tell you this, the taxing of the people is the least of our worries, the bad medicine, long waiting time to get treated, and bad doctors is the real problem. It will take the people by surprise and then it's too late.

    June 29, 2012 09:56 am at 9:56 am |
  9. steven

    Now we get to hear all of the fear mongering from the GOP, that is all they have to offer, fear of non-GOP.

    June 29, 2012 10:09 am at 10:09 am |
  10. judy

    like everything else they do . wait untill the last minute. getting this congress to move is like pulling teeth unless it is to indite someone or investigate. Vote them all out in November Forward 2012

    June 29, 2012 10:19 am at 10:19 am |
  11. J.V.Hodgson

    This is what is wrong with our government. Wrapping this up around the transportation bill which is totally unrelated to student loans is whats wrong.
    This practice is worse than earmarks the transportation bill is the transportation bill. Tagging the Keystone pipeline to that Is BS.
    Transportation bill =1, keystone pipeline bill =2, student loans = 3, totally separate AND funding comes from directly connected budget appropriations, or additions thereto
    Stop villyfying or usurping the system by tagging things politically motivated and ideology motivated to bills Like funding student loans bill via PPACA cuts, i.e indirect amendments to a passed law via a secondary route even worse BS.
    Stop gaming the system get votes on distinct issues. Then its clear who is being the opposition to anything.

    June 29, 2012 10:28 am at 10:28 am |
  12. mcskadittle

    congress has done something?!?

    June 29, 2012 10:32 am at 10:32 am |
  13. luke,az


    June 29, 2012 10:32 am at 10:32 am |
  14. liberal disease

    just sent my $1200 to Romney, have lots and lots of friends here in NYC doing the same! Thanks Roberts!!

    June 29, 2012 10:41 am at 10:41 am |