Listen Live on  
 

Today's KOOL 105.5

The Best Mix of the '80s, '90s, and 2000s
 
 

House Approves Controversial Student Loan Vote

 
House Approves Controversial Student Loan Vote
Posted Thursday, May 23rd 2013 @ 1pm

(Washington, DC)  --  A controversial student loan bill is headed to the Senate after passage by the House.  The Republican measure would link student loan rates to the financial markets.  The vote was 221-198.  Passage by the Senate is unlikely and the White House has threatened a presidential veto.  Interest rates on student loans are now set by the government.  Without action by Congress, student loan rates are set to double on July 1st to six-point-eight percent for roughly seven-million borrowers. 

Recommended Stories

More from Today's KOOL 105.5

*