July 24th, 2013
06:36 PM ET
10 years 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.
FULL STORY
From CNN Politics
- Lawmakers reluctant to pursue gun control measures following Nashville school shooting
- 10 Cards Charging 0% Interest Until 2024
- DeSantis plans to travel to Jerusalem as tumult strains Netanyahu-Biden relationship
- Harris faces painful Black history in emotional slave outpost visit
- Kentucky law aimed at increasing parental oversight in education takes effect
- New York grand jury won't hear Trump case again this week
College education to USA citizens ought to be free. I mean FREE. Period.
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.