LIVE VIDEO: Morning News    Watch
 

House approves lower rates on student loans

12:41 AM, Aug 1, 2013   |    comments
  • Share
  • Print
  • - A A A +

WASHINGTON (AP) -- Legislation that will roll back student loan interest rates this fall awaits the signature of President Barack Obama.

The bipartisan bill easily cleared the House on a vote of 392-31. Undergraduates this fall will borrow at a 3.9 percent interest rate for Stafford subsidized and unsubsidized loans.

But the rates are linked to the financial markets and expected to climb in following years as the economy improves.

 

Associated Press

Most Watched Videos