College Student Loan Borrowers Might Get Some Relief

The White House just released a post that a new bipartisan compromise will help students save money on the loans.  Though it is hard to say if the bill has the needed support to pass.

“The Senate plans to vote at some point this week on a plan that would tie interest rates on new federal student loans to the market, rather than having a fixed rate for years on end.

The plan, created by a bipartisan group of senators, has substantial support from top congressional leaders, many Republicans and President Obama, who took a personal interest in the matter. But a few Democrats hate the proposed plan and are attempting to change it, slowing its path to a vote.”

For more information: http://www.washingtonpost.com/politics/student-loan-rate-vote-expected-this-week-despite-division-among-democrats/2013/07/23/d4c2d87c-f3ae-11e2-9434-60440856fadf_story.html

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