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Financial Services
Oklahoma Christian University
Thursday, July 18, 2013

Student Loan Deal Potentially Within Reach

A bipartisan deal may have been reached in the Senate on student loan interest rates, according to press reports and briefings from Hill staff. The deal would reportedly tie interest rates to the 10-year Treasury Note plus additional percentage add-ons and would be “variable-fixed” in that a student would receive a new rate for each loan, but then that rate would be locked for the life of the loan. Reports have indicated that there would be caps for various loan types as well. The Senate could take up the bill as early as today.

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