Obama Signs Student Loan Interest Rate Legislation Into Law

August 9, 2013
Washington Post 
student loan news

President Barack Obama on Friday signed a bill into law that will tie interest rates on federal student loans to the financial markets, which means lower rates for the coming school year. The change is expected to help the millions of students and parents that will take out federal student loans. But as the economy improves in the next few years, as it is expected to, those interest rates will likely go up and could soon be higher than current rates, unless Congress take further action.
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