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Rate spike a hard lesson on loans

June 28, 2013
By TOM REED , The OBSERVER

As unfortunately happens in Washington, facts are often sacrificed as politics prevails. With regard to the debate on student loans, there are three facts people need to know: 1) Congress has until the end of June to prevent an interest rate spike; 2) the House of Representatives passed legislation last month to prevent this spike and provide lower rates to a majority of recipients and; 3) the Senate has failed to pass any legislation that would prevent the rate spike. We are now calling on the Senate to act to help us protect students.

 
 

 

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