House Approves Lower Rates on Student Loans - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

House Approves Lower Rates on Student Loans

Posted: Updated:

A bill that would lower the cost of student loans has passed the House and is heading to President Barack Obama for his signature.
 
The House on Wednesday gave final congressional approval to a bipartisan measure that links student loan interest rates to the financial markets. Most students would see lower interest rates in time for classes this fall. 
 
Undergraduates this fall would borrow at a 3.9% interest rate for subsidized and unsubsidized loans. Graduate students would have access to loans at 5.4%, and parents would borrow at 6.4%. The rates would be locked in for that year's loan, but each year's loan could be more expensive than the last. Rates would rise as the economy picks up.  (AP)  

  • Most Popular StoriesMost Popular StoriesMore>>

  • Former Sparks Fire Chief Andy Flock Passes Away

    Former Sparks Fire Chief Andy Flock Passes Away

    Sunday, June 24 2018 1:33 AM EDT2018-06-24 05:33:40 GMT

    Current Sparks Fire Chief Chris Maples tells us that the former Sparks Fire Chief Andy Flock passed away Saturday. 

    More >>

    Current Sparks Fire Chief Chris Maples tells us that the former Sparks Fire Chief Andy Flock passed away Saturday. 

    More >>
  • Heart Monitor Saves Life

    Heart Monitor Saves Life

    Tuesday, June 19 2018 10:29 PM EDT2018-06-20 02:29:25 GMT

    A northern Nevada man did not have symptoms of a heart attack. Rather, he felt a little tightness in his chest during high-intensity workouts and he suspected asthma. However, what he learned about his body might surprise you as much as it shocked him. Why Dane Hillyard says working out with a heart rate monitor likely saved his life.

    More >>

    A northern Nevada man did not have symptoms of a heart attack. Rather, he felt a little tightness in his chest during high-intensity workouts and he suspected asthma. However, what he learned about his body might surprise you as much as it shocked him. Why Dane Hillyard says working out with a heart rate monitor likely saved his life.

    More >>
  • Shots Fired Inside midtown bar, The Loving Cup

    Shots Fired Inside midtown bar, The Loving Cup

    Sunday, June 24 2018 12:49 PM EDT2018-06-24 16:49:35 GMT

    They say there were two or three uninvolved people struck by shrapnel. There were no serious injuries reported and the victims were treated on scene by REMSA.

    More >>

    They say there were two or three uninvolved people struck by shrapnel. There were no serious injuries reported and the victims were treated on scene by REMSA.

    More >>
Powered by Frankly
All content © Copyright 2000 - 2018 Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.