Congress Returns to Work with an Eye on Student Loan Interest

By Scott Sarvay

Congress Returns to Work with an Eye on Student Loan Interest

May 7, 2012 Updated May 7, 2012 at 9:50 AM EDT

WASHINGTON D.C. (Indiana’s NewsCenter) - Congress is back to work on student loans.

College loan interest rates are set to double July first.

The Senate will vote Monday, whether to debate a Democratic plan to keep rates where they are and pay for it by collecting more Social Security and Medicare payroll taxes from high-earning executives.

Republicans want a vote on their own bill which would also freeze the current rate for one year and pay for it by eliminating a preventative health program.




What are your thoughts CLICK HERE to leave us a "Your2Cents” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from Indiana's NewsCenter are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!

Powered by Summit City Chevrolet



© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.