The bill
ties federal student loan rates to the financial markets.
In 2013, Congress passed legislation that
tied federal student loan rates to the 10 - year Treasury note, resetting every July 1.
Not exact matches
Interest
rates on
federal student loans are currently
tied to the 10 - year Treasury Note, with an additional set percentage added on.
Rep. John Kline of Minnesota, the likely Republican chair of the House Education and Labor Committee, opposes
tying federal loans to
student default -
rates or debt - loads.
In line with his Republican party, House Representative Michael Burgess voted for
tying interest
rates to the private market in 2013 after he voted against the
federal student loan takeover in 2009.
He voted in favor of the Bipartisan
Student Loan Certainty Act in an effort to keep interest
rates from rising, but he does not fully support
tying federal rates to the market.
He supported
tying federal rates to the market with his support of the Bipartisan
Student Loan Certainty Act, and he has addressed issues with private student
Student Loan Certainty Act, and he has addressed issues with private
studentstudent loans.
In 2013, the government enacted a
student loan bill that
tied federal loan interest
rates to the 10 year Treasury note, and as Chopra explains in his post, a bond auction next month will determine the interest
rates for
federal student loans.
Legislation passed by Congress and signed by President Obama last year
tied federal student loan interest
rates to financial markets, which had the effect of lowering
rates for the school year starting in 2013.