student loans

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Washington plans to start regular 529 college savings plan

Washington state took another step toward starting a traditional 529 college savings plan on Thursday, as people continue to ask for refunds from the state's prepaid tuition program, which will remain frozen for now.

The new plan would be run by the state, not…

Congress approves student loan plan

The millions of college students and parents who will borrow money from the federal government for the coming school year can plan on much lower interest rates than originally offered, as the U.S. House overwhelmingly voted 392 to 31 on Wednesday to approve a Senate plan that would allow…

Student Loan Rates Reset Lower — But Probably Not for Long

Student borrowers can breath a little easier. After much dithering, the federal government is on track to bring back low rates on government-backed college loans before classes begin in the fall—and these rates will be retroactive to July 1, when the old program expired.

Could college loan bill increase student costs?

The bill, which the Senate passed 81-18, would tie student loan rates to the government’s borrowing costs. Rates would be pegged to the 10-year Treasury note, plus 2.05 percentage points for undergraduate students, 3.6 percentage points for graduate students and 4.6 percentage points for parent…

Senators ready to restore lower college loan rates

A bipartisan group of senators is announcing a deal that lets students dodge higher interest rates when they go back to campus this fall.

The group on Thursday told reporters they have reached a compromise that lowers the rates for all students who borrow from the federal government. The…

Federal student loan debt tops $1 trillion

Federal student loan debt has topped $1 trillion, the Consumer Financial Protection Bureau will announce Wednesday, a milestone that will only intensify the debate in Congress over what to do about student loan interest rates.
The interest rate on new, federally subsidized…

Looking for a solution to the jump in student loan interest rates

Antonya Bruno, a senior at Howard University, has used the maximum amount of federal loans over the last three years to help pay her steadily climbing tuition.

"It's been very helpful," she said, happy that she has avoided taking out more expensive…

Obama urges Congress to follow his lead to extend student loan rates

With student loan rates set to double in a month, President Barack Obama on Friday urged Congress to extend the current rates, a demand which Republicans rejected as needlessly partisan.

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