• 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
    MANCHESTER — Throwing a lit cigarette out of a moving car led to a felony charge of heroin... Full Story
    VERNON — The second big wave of layoffs at the Vermont Yankee nuclear power plant occurred Thursday. Full Story
    More Articles