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Student Loan Interest Rates

Republican Obstructionism Leads to Doubling Student Loan Rates

Rep. Hank Johnson | Posted 08.28.2013 | Politics
Rep. Hank Johnson

As outstanding educational debt soars past $1 trillion, it's clear that the outmoded tradeoff of debt for diplomas is no long working for Americans.

Bad News For Students

AP | PHILIP ELLIOTT | Posted 08.27.2013 | Politics

WASHINGTON — Student loan rates will double Monday – at least for a while – after a compromise to keep student loan interest rates l...

Congress Must Act to Prevent Student Loan Rates From Doubling

Rep. Mark Pocan | Posted 08.27.2013 | Politics
Rep. Mark Pocan

More than ever, a college diploma unlocks economic opportunity, provides students with a wealth of new skills and knowledge, and encourages innovation and growth. But more than ever, it also comes with a mountain of student loan debt.

When $50 Billion Isn't Enough

Dr. Arthur F. Kirk, Jr. | Posted 08.21.2013 | College
Dr. Arthur F. Kirk, Jr.

While we continue to hear isolated stories about students struggling with insurmountable debt, the overwhelming majority of those who borrow money pay it back, and are able to do so because of the additional compensation their degree affords them.

Zach Carter

College Leaders Petition Congress To Address Looming Loan Rate Hike | Zach Carter | Posted 06.19.2013 | Politics

WASHINGTON -- A coalition of over 100 student body presidents, representing more than 1 million college students, will deliver a petition to lawmakers...

Poll Reveals Broad Support For Treating Students As Well As Banks

The Huffington Post | Tyler Kingkade | Posted 06.19.2013 | Business

A vast majority of voters want Congress to maintain the interest rates on federal student loans at their current level or lower them, a poll released ...

Moral Bankruptcy on Student Loans

Patricia McGuire | Posted 08.09.2013 | College
Patricia McGuire

Congress should be ashamed of itself for imposing more barriers to college access and completion because of its perverse inability to make any good decisions these days.

Student Advocates Frown On Obama's Student Loan Plan

The Huffington Post | Tyler Kingkade | Posted 06.12.2013 | College

After the Senate voted down two proposals Thursday to keep interest rates on new, subsidized Stafford loans from doubling from 3.4 percent to 6.8 perc...

Shahien Nasiripour

Senate Snubs Students As Borrowers Await Relief | Shahien Nasiripour | Posted 06.07.2013 | Politics

WASHINGTON -- The U.S. Senate on Thursday rejected student loan proposals that would have either temporarily helped only a small subset of new borrowe...

Joy Resmovits

Obama Revives 'Don't Double My Rate' Battle | Joy Resmovits | Posted 05.31.2013 | Politics

WASHINGTON -- President Barack Obama on Friday stepped into the ...

Shahien Nasiripour

Obama, Republicans Spoiling For Fresh Student Loan Showdown | Shahien Nasiripour | Posted 05.31.2013 | Politics

WASHINGTON -- Even before President Barack Obama personally joins the debate over student loan interest rates on Friday, Republican lawmakers and high...

Shahien Nasiripour

New Bill Would Jumpstart Student Loan Refinancings | Shahien Nasiripour | Posted 05.20.2013 | Politics

Debtors with high interest rates on their federal student loans would refinance into cheaper loans under proposed legislation to be unveiled this week...

Elizabeth Warren's Petition Garners More Than 250,000 Signatures

The Huffington Post | Caroline Fairchild | Posted 05.15.2013 | Business

Sen. Elizabeth Warren (D-Mass.) is by no means alone in her belief that the U.S. government should give college students the big-bank treatment. M...

The Student Loan Interest Rates Are Too Damn High

Alex Palombo | Posted 07.13.2013 | Politics
Alex Palombo

In July, when the student loan rates are set to double to 6.8 percent. College is already far too pricey for many to attend, and this double in interest rates will put a higher education even farther out of reach for thousands of students and their families.

Widespread Student Loan Sacrifices Bolster Elizabeth Warren's Argument

Posted 05.09.2013 | Business

A survey released early Thursday reveals the stunning sacrifices increasing numbers of Americans are making in order to pay off their student loans. T...

Ryan Grim

Elizabeth Warren: Give Students Same Loan Rate As Big Banks | Ryan Grim | Posted 05.09.2013 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) unveiled her first bill Wednesday, designed to set student loan interest rates at the same level the Fed...

Chris Kirkham

Obama Budget's Student Loan Gamble Filled With Long-Term Questions, Experts Say | Chris Kirkham | Posted 04.10.2013 | Business

President Barack Obama's proposed budget for next year would reduce interest rates on federal student loans in an attempt to remove staggering burdens...

New Obama College Loan Proposal Puts Student Needs Last

Kati Haycock | Posted 06.10.2013 | Politics
Kati Haycock

These students and their families cannot bear additional costs. The president's proposal, although it might lower interest rates very slightly in the first year, will ultimately allow those rates to rise uncontrollably.

Shahien Nasiripour

Record Student Loan Rates Feed Government Profit As Debt Damps Economy | Shahien Nasiripour | Posted 04.17.2013 | Business

BOSTON -- Millions of student borrowers are paying record relative interest rates on their government loans, lining Department of Education coffers an...

Student Loans To Get A Lot More Expensive This Summer

AP | PHILIP ELLIOTT | Posted 05.28.2013 | Business

WASHINGTON — Incoming college freshmen could end up paying $5,000 more for the same student loans their older siblings have if Congress doesn't ...

The Only Thing That Can Prevent More Expensive Student Loans? Congress

The Huffington Post | Tyler Kingkade | Posted 03.14.2013 | College

Federal student loans will get more expensive for students going to college in the fall unless Congress acts by June 30. A 2007 law cut interest ra...

Romney and Ryan Undermining Access to Higher Education

Noam Schimmel | Posted 09.10.2012 | College
Noam Schimmel

There is no better way to alienate a massive swath of American citizenry than to cut funding for loans and grants to students seeking to enroll in higher education and in need of economic support to do so.

The Hunger Games: Student Loan Edition

Elizabeth Krupka | Posted 11.06.2012 | College
Elizabeth Krupka

Just like Katniss I've been dropped into the arena for the second time; and why yes (SPOILER ALERT) my arena is a clock. However unlike Katniss I'm not fighting for survival, just trying to pay back my student loans.

Claire McCaskill Revives Todd Akin's Infamous Student Loan Cancer Remark In New Ad

The Huffington Post | Sabrina Siddiqui | Posted 08.14.2012 | Politics

Sen. Claire McCaskill (D-Mo.) resurrected Rep. Todd Akin's (R-Mo.) infamous comparison of student loans to stage three cancer in a new ad released by...

Ed In The Election: Paul Ryan On Education

| Sarah Butrymowicz | Posted 08.13.2012 | Education

This piece comes to us courtesy of The Hechinger Report's HechingerEd blog. Mitt Romney’s pick of Rep. Paul Ryan (R-Wis.) as his vice presidentia...