Friday, May 11th, 2012
PROVIDENCE, R.I. (AP) " U.S. Rep. David Cicilline is vowing to fight to prevent the doubling of interest rates on some federal student loans .The freshman Democrat met Rhode Island College students Tuesday to discuss his concerns that higher rates will make higher education too expensive for some students.The rate ...
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Saturday, April 28th, 2012
Pushing back on an aggressive campaign from Democrats and the White House for Congress to extend the temporary low interest rate for federally subsidized student loans , conservative groups are pressuring Republicans to kill the Rate Reduction Act, which would keep the interest rate from doubling to 6.8 percent ...
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Friday, April 27th, 2012
By Thomas FerraroWASHINGTON (Reuters) - The Republican-led House of Representatives, in an election-year showdown with President Barack Obama, moved on Wednesday to avert a doubling of a low-federal student loan rate by taking money from Obama's healthcare overhaul.House Speaker John Boehner unveiled the proposal and announced that his chamber would ...
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Friday, April 27th, 2012
NEW YORK--(BUSINESS WIRE)-- A scheduled doubling of interest rates on subsidized undergraduate Stafford student loans could create a short-term opportunity for private lenders, although Fitch Ratings believes that regulatory uncertainty with respect to the student lending business, a dwindling number of lenders in the space, and longer-term interest rate dynamics ...
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Friday, April 27th, 2012
(Image Credit: Bill Clark/CQ Roll Call/Getty Images) House Minority Leader Nancy Pelosi railed against Republican efforts to offset the one-year extension of the 3.4 percent student loan rate by taking money out of a fund she believes is imperative to the "survival to women."Pelosi told reporters that she is ...
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Friday, April 27th, 2012
The top congressional leadership was out in full force today as leaders from both political parties in both chambers of Congress promoted the position of their respective caucuses in the latest battle over congressional funding on Capitol Hill .At issue is finding an amicable way to pay for or ...
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Thursday, April 26th, 2012
WASHINGTON (CNNMoney) -- On July 1, the interest rates on student loans subsidized by Uncle Sam will double to 6.8%.The upshot? Students taking out loans for the next school year will have to dig deeper in their pockets to pay them off. Unless Congress steps in to stop the increase ...
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Thursday, April 26th, 2012
House Speaker John Boehner on Wednesday offered legislation to put off for one year a student loan interest rate hike, keeping subsidized student loans at 3.4 percent. The proposal responds to calls from Democrats and President Obama to stop the current student loan interest rates from doubling if Congress doesn't ...
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Tuesday, April 24th, 2012
BOSTON - Democratic U.S. Senate candidate Elizabeth Warren is calling on Congress to act ahead of a July 1 deadline to block a planned doubling of student loan interest rates - part of a wider effort by Democrats to press Republicans on an issue they hope will resonate with financially-strapped ...
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Tuesday, April 24th, 2012
by Claude SolnikPublished: April 23, 2012Tags: Long Island , Sen. Charles Schumer , Stafford loans , student loans , tuition Legislators are launching a last-minute push to stop federally subsidized Stafford student loan rates from doubling from 3.4 percent to 6.8 percent in July, adding thousands of dollars to the ...
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