Student Loan Rates Stay the Same
By: Ashley Hinson
Updated: June 29, 2012
Some good news for students today...
Especially for the ones right here on Tech's campus.
It looks like the interest rates on their loans won't be doubling for at least another year.
The bill passed the house today with a vote of 373-52, and the Senate is also expected to approve it shortly.
Along with stopping student-loan rate increases, the bill looks to save nearly three-million jobs and aid transportation programs.
Tech students are thrilled about the decision.
"Yeah I'm very happy about it because I'm going to have to pay it back and paying it back at a much lower interest rate is better than at six percent," said Texas Tech student Rodrigo Vela. "It means I'll pay less in the long run."
The bill cost is estimated at more
than 100-billion dollars.
