In the News

The House of Representatives is expected to vote Thursday on a plan by Congressional Republicans to avert a scheduled doubling of student loan interest rates. The bill is a bad one that lawmakers should reject in favor of a solution offered by U.S. Rep Suzan DelBene, D-Washington. DelBene’s bill would keep current low student loan interest rates for two years while Congress figures out a long-term solution. By contrast, the proposal by House Republicans would set a temporary low interest rate on students loans but attach future interest rates to 10-year Treasury notes, setting in motion interest rates that would vary with the markets. Hundreds of thousands of student borrowers would be saddled with higher, not lower, debt.

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