"Now that you know what the student loan debate is all about (if not, you should read this), it's time to hear from some of the lesser heard voices who are apt to be greatly impacted by whatever decision is to be made about the interest rates on subsidized Stafford Loans," In The Capital reports. "...There has been an outpouring of support from colleges for Senator Warren's 'Bank on Students Loan Fairness Act'...Many collegiate organizations have also banded together to write a letter to Representatives John Kline and Virginia Foxx, conveying their views about H.R. 1911: Smarter Solutions for Students Act. The Republican duo's proposal to peg interest rates to 10-year Treasury notes would stop the rates from doubling. While the rates would stay fairly low for now, they would inevitably climb as the economy improves. The American Association of Community Colleges; American Association of Collegiate Registrars and Admissions Officers; American Association of State Colleges and Universities; American Council on Education; American Indian Higher Education Consortium; Association of American Universities; Association of Jesuit Colleges and Universities; Association of Public and Land-grant Universities; Council for Christian Colleges & Universities; Council of Graduate Schools; Hispanic Association of Colleges and Universities; National Association for Equal Opportunity in Higher Education; National Association of College and University Business Officers; National Association of Independent Colleges and Universities; and National Association of Student Financial Aid Administrators all signed the letter."
NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 6/7/2013