Rates were set to double at the end of the month, but a huge package negotiated by Democrats and Republicans will retain the low(er) rates for another year (this only applies to federally-backed loans). The legislation passed the House and Senate today, and the White House has indicated that President Obama will sign it. So, yay! There’s a lot more policy in the bill, too, including extensions of federal highway programs and national flood insurance.
June 29, 2012 // 15:45 // 2 years ago