Today, U.S. Senator
"This bill would help our student borrowers repay their college loans, putting money in their pockets to buy a home, start a new business or raise a family," Udall said. "At a time when we're trying to rebuild our economy, that's an investment we should all be able to agree on. So it's extremely disappointing that once again Republicans refused to allow the
Last summer, Udall helped to lead an effort to prevent student loan rates from nearly doubling for new borrowers, keeping rates at 3.86 percent. However, the new law did not protect existing borrowers from paying high interest rates of 7 percent or more. The Bank on Students Emergency Loan Refinancing Act would have made all current and existing borrowers eligible for the lower rates. The bill was paid for by limiting tax breaks for millionaires and billionaires that allow them to pay less of their income in taxes than middle class families.
TNS 30TagarumaMar-140612-4765099 30TagarumaMar
Most Popular Stories
- Islamic State Obliterating Cultural Landmarks in Mosul
- The 2014 Fastest-Growing 100
- 'Lucy's' Super Powers Tops 'Hercules' at Box Office
- Boehner Says Impeachment Talk Is Democrat Scam
- You're So Vain: Microsoft to Launch First 'Selfie Phone'
- VW Site Could Mean Another 2,000 Jobs for Chattanooga
- RV Sales See Highest Increase Post Great Recession
- U.S. Home Price Gains Slow for 6th Month in a Row
- Report: China to Declare Qualcomm a Monopoly
- Insecticides Permeate U.S. Food, Water Supply