NH delegates made last-minute pitches to avoid student loan rate hike
Each of the four lawmakers has sponsored separate legislation addressing the issue, but Congress could not reach agreement in time to keep interest rates on direct subsidized loans from doubling as of July 1.
"Students and families need certainty to plan for how they will finance higher education," Ayotte said in a statement urging immediate action on the measure. "This bipartisan legislation is fair to students, parents and taxpayers."
Here's what New Hampshire members have sponsored:
. Shaheen, S. 1238 - Keep Student Loans Affordable Act of 2013.
Would extend lower (3.4 percent) interest rate for undergraduate federal direct Stafford loans for one year.
Would set interest rates for new loans on or after July 1 based on 10-year Treasury bills.
. Shea-Porter, H.R. 1433 - To Amend the Higher Education Act of 1965...; and H.R. 1595 - Student Loan Relief Act of 2013.
. Kuster, H.R. 1595, Student Loan Relief Act of 2013 (see above).
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