McCaskill To Talk Student Loans at MU

CBS St. Louis

COLUMBIA, Mo. (AP) — U.S. Sen. Claire McCaskill is promoting a plan to cut interest rates on federally subsidized student loans.

The Democratic senator planned to meet Thursday afternoon with University of Missouri students in Columbia about the proposed Bank on Student Loans Fairness Act. The bill seeks to reduce the current interest rate of 3.4 percent on subsidized Stafford loans to 0.75 percent for one year.

McCaskill and her co-sponsor, Democratic Sen. Elizabeth Warren of Massachusetts, say the lower rate is on par with a discounted, short-term rate offered to banks by the Federal Reserve.

The U.S. House voted last week in favor of variable student loan interest rates to avoid an automatic increase to 6.8 percent on July 1.

© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

View original post

Lascia un commento

Inserisci i tuoi dati qui sotto o clicca su un'icona per effettuare l'accesso:

Logo WordPress.com

Stai commentando usando il tuo account WordPress.com. Chiudi sessione / Modifica )

Foto Twitter

Stai commentando usando il tuo account Twitter. Chiudi sessione / Modifica )

Foto di Facebook

Stai commentando usando il tuo account Facebook. Chiudi sessione / Modifica )

Google+ photo

Stai commentando usando il tuo account Google+. Chiudi sessione / Modifica )

Connessione a %s...