While some of Trump’s rhetoric may seem scary, what he has said so far about student loans should put students at ease.
GW’s student loan default rate dropped one-tenth to 1.4 percent in 2012, marking the first time more GW graduates had been able to pay off their loans for two years.
The Senate voted on Wednesday to block a student loan bill that would have given millions of graduates a chance at lower interest rates. The legislation, introduced by Sen. Elizabeth Warren, D-Mass., would have allowed an estimated 25 million people to refinance the interest rates on their student loans.
Students who take out federal loans will face even steeper fees next fall as interest rates surpass 5 percent.
GW is one of four East Coast schools – including Yale University and the University of Pennsylvania – that have tried to bring students to court for repeatedly missing student loan payments. And now the practice is back in the news.
You only need to give out your email address for the payments to be added to your loan balance (and to stop receiving unwanted sweaters).
Interest rates for federal loans will sit at 3.9 percent this year, and can increase up to 8.25 percent for undergraduates and 10.5 percent for parents. The bipartisan measure will affect about 11 million borrowers.
The jury is still out on whether Oregon’s proposal will actually go into effect. But at the very least, it bends the college-debt debate toward potential solutions.
Updated: Monday, July 1 at 2:05 p.m. It’s about to get more expensive to borrow from the federal government. Interest rates for new government-backed loans will jump to 6.8 percent — double the current rate — starting Monday after lawmakers failed to strike a deal before adjourning for the July 4th recess. The loans have […]
Senior Sam Nelson, a leader of GW’s Progressive Student Union, was glad to see President Barack Obama advocate for lower interest rates on student loans Friday at the White House. But Nelson, who has rallied around student debt issues for years, was also center stage for the speech, meeting with the president beforehand and standing […]