Battle Starts to Mount on Student Loans
"Congress is headed for another showdown on student loans. With just over nine weeks to go before rates hike, Congress seems nowhere close to finding a solution to stop student loan rates doubling from 3.4 percent to 6.8 percent on July 1," The Hill reports. "Rep. Joe Courtney (D-Conn.) told The Hill that there isn’t enough time to get a long-term fix at this stage and expects any solution to come at the last minute. 'If you look at last year … It got dealt with at the end. It took a while for the political temperature to boil,' Courtney said. Democrats captured the upper hand on student loans in 2012 as the White House went on the offensive, forcing Republicans in Congress to cave during the intense election year. Tiffany Loftin, president of the United States Student Association (USSA), said, 'It’s unfortunate that we’re going around this again.'"
NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.