Skip to main content
This Board Has Moved

This board has been migrated to our new platform! Check out the new home page at discussion.fool.com or click below to go directly to the new Board on the new site.

Go to the New Site
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
I just read an article on the Yahoo news page, http://tinyurl.com/atlhg that Congress passed some deficit cuts that included this:

"Another $13 billion would be saved from student loan programs, in part by establishing a fixed 6.8 percent interest rate instead of maintaining lower variable rates."

In part? Does anybody know what other parts there are to this? And does this have to be approved by the Senate next or will this take effect soon? Is there somewhere else that I can look to find out info about this and other issues regarding student loans and our government?

I am in school now and won't be graduating until at least 2007 maybe 2009 if I decide to get a master's degree so this may have a huge impact for me, along with many other current students.

Terri
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.