Lower Student Loan Rates?

picture by Twp

Senator Elizabeth Warren from Massachusettes is proposing to lower student loan interest rates:

“[T]he federal government is going to charge students interest rates that are nine times higher than the rates for the biggest banks,” said Sen. Warren, “the same banks that destroyed millions of jobs and nearly broke this economy. That isn’t right.”

Sen. Warren Introduces Bill To Lower Rates On Student Loans to .75% For One Year appeared in the "Consumerist" on May 9, 2013. The article was forwarded by Lana Kapchinsky.