House Passes Bill to Lower Federal Student Loan Rates
"We've all seen how Washington's involvement in rate setting is a recipe for uncertainty and confusion. Students deserve better," Congresswoman Virginia Foxx (R-NC) said in a written statement. "The Bipartisan Student Loan Certainty Act ends the temporary fixes that have failed to strengthen our nation's student loan system and offers long-term simplicity, rate caps, and an assurance that interest rates are immediately in line with the free market."