Athens News: Sen. Brown opposed to letting student loan rates double July 1

News

Athens News: Sen. Brown opposed to letting student loan rates double July 1

While the various factions of U.S. Congress seem to agree that the doubling of student loan rates on July 1 should not happen, disagreement continues on how to handle it.

U.S. Sen. Sherrod Brown, D-Ohio, held a conference call last week to announce his support for the Student Loan Affordability Act of 2013.

Interest rates on new student loans are set to double July 1, jumping from 3.4 percent to 6.8 percent. The legislation Brown said he supports would keep the interest rate at 3.4 percent for the next two years.

Read the full article »