• Welch to discuss student loan interest
    June 25,2013
    • Email Article
    •  
    •  Print Article
     
    The Associated Press

    SOUTH BURLINGTON — Vermont's lone representative to the U.S. House is going to be talking about what he sees as a need to prevent an increase in the interest rates charged on federal student loans.

    Welch, a Democrat, is going to be meeting with reporters Tuesday at the Burlington International Airport to discuss the issue.

    If Congress doesn't act, on July 1, the interest rate charged on some student loans would increase from 3.4 percent to 6.8 percent.

    Last year Welch helped beat back an effort to increase the rate.

    Welch and others argue Congress shouldn't make it more expensive for students to get an education.

    But supporters of allowing the rate to increase counter the lower rate would cost the government billions of dollars a year.
    • Email Article
    •  
    •  Print Article
    2 Comments
    MORE IN This Just In
    WASHINGTON — Many of America’s young adults appear to be in no hurry to move out of their old... Full Story
    Millennials staying longer with parents
    BENSON — The town will not return to the days of having a reputation of being the “wild west” of... Full Story
    MIDDLEBURY — Commuters are advised of nighttime road closures tonight and Thursday. Full Story
    More Articles