House OKs bill to lower student-loan interest

 

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House OKs bill to lower student-loan interest

Interest rates: Those on federally subsidized loans for low-income and middle-class students would be halved from 6.8 percent to 3.4 percent over five years. Scholarships: Students who agree to teach hard-to-staff subjects, like math, ...

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Four Colleges Get Federal Loans To Rebuild After Katrina

To help four historically black colleges recover from the destruction Hurricane Katrina inflicted upon their campuses, the federal government Wednesday gave them low-interest loans totaling nearly $400 million.

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Articles of Interest 7-12-07

To pay for the proposal, lawmakers would cut roughly $19 billion in federal subsidies to banks that issue government-backed student loans. Budget rules require nearly $1 billion of that savings to go toward reducing the federal deficit, ...

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Principal – The total amount of the loan left to pay. Taxes and Insurance – The cost of any damage to the home and what the local government charges. Interest – The cost to borrow the money, month after month.

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FAP577: Higher Education Legislation Passed, Cassandra Thiem from ...

+ But President Bush and some other Republicans sharply criticized the legislation, saying it would create too many new government programs that are poorly designed and fail to focus enough on helping low-income students. ...

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Please - No More Help!

Of course the Fed helped matters along by slashing interest rates to 1%. Illinois Governor Rod Blagojevich helped things along with a program guaranteeing mortgage loans for illegal aliens. President Bush tried to help with tax credits ...

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