Senate Ready To Restore Lower Student Loan Rates Thursday - WSPA.com

Senate Ready To Restore Lower Student Loan Rates Thursday

Posted: Updated:
WASHINGTON, D.C. -

Senators are ready to offer students a better deal on their loans this fall, but future classes could see higher interest rates. 

The Senate could vote as early as Thursday on a bipartisan compromise that heads off a costly increase for returning students. The compromise would be a relative deal for students through the 2015 academic year, but then interest rates are expected to climb above where they were when students left campus this spring.

Rates on some loans doubled on July 1 because Congress failed to reach an agreement.

Under the deal, rates would be linked to the financial markets. Rates would increase as the economy improves. Democrats demanded and won a cap on how high those rates could climb.

  • Top StoriesTop StoriesMore>>

  • Gamecocks Lose Season Opener 52-28 to Texas A&M

    Gamecocks Lose Season Opener 52-28 to Texas A&M

    Thursday, August 28 2014 9:52 PM EDT2014-08-29 01:52:41 GMT
    Aggies beat USC 52-28 on Thursday night ending the Gamecocks' 18 game home winning streak.Aggies beat USC 52-28 on Thursday night ending the Gamecocks' 18 game home winning streak.
    No. 21 Texas A&M beats No. 9 South Carolina 52-28 in USC's home opener on Thursday night, ending the Gamecocks' 18-game home win streak.
    No. 21 Texas A&M beats No. 9 South Carolina 52-28 in USC's home opener on Thursday night, ending the Gamecocks' 18-game home win streak.
  • Pedestrian Dead After Deputy Involved Wreck In Greenville Co.

    Pedestrian Dead After Deputy Involved Wreck In Greenville Co.

    Thursday, August 28 2014 9:10 PM EDT2014-08-29 01:10:52 GMT
    Investigators say the man was crossing the road when he walked in front of a car at Augusta Road and Old Augusta Road near Interstate 85 around 5:30 a.m. The victim was killed after being hit by several vehicles, including a deputy's.
    Investigators say the man was crossing the road when he walked in front of a car at Augusta Road and Old Augusta Road near Interstate 85 around 5:30 a.m. The victim was killed after being hit by several vehicles, including a deputy's.
  • Reward Offered For Greer Firearms Theft

    Reward Offered For Greer Firearms Theft

    Thursday, August 28 2014 7:01 PM EDT2014-08-28 23:01:09 GMT
    The ATF is joining other organizations in offering a reward to help solve a firearms theft in Greer in July. Photo Courtesy Greer PDThe ATF is joining other organizations in offering a reward to help solve a firearms theft in Greer in July. Photo Courtesy Greer PD

    The ATF is joining other organizations in offering a reward to help solve a firearms theft in Greer in July.

    The ATF is joining other organizations in offering a reward to help solve a firearms theft in Greer in July.

Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.