Mothers Like Low Interest Rates for Student Loans
President Obama and House Republicans seek a long-term fix to the federal student loan rate problem. Without Congressional action, subsidized Stafford federal student loan rates will double to 6.8% on July 1. Last year, Congress extended the deadline that would have mandated federal interest rates to rise from 3.4% to 6.8%, effectively punting the issue down the road one year. Here is a brief summary of the four proposed solutions on the table: 1. President Obama's Fiscal Year 2014 Budget Request: Employs a market-based solution for setting…
