Student Loan, Roads Bill Poised For Final Passage

By: Associated Press Email
By: Associated Press Email

Congressional leaders are hoping for final passage this week of a bill reshaping federal transportation programs and averting a doubling of interest rates for millions of federal student loans.

Lawmakers and aides said House and Senate leaders had reached agreement on the measure. Without action by the weekend, federal authority to spend money for road and other transportation programs would lapse, and interest rates for new subsidized Stafford loans would double to 6.8 percent.

Democrats said renewing the highway bill would save or create 3 million jobs. If student loan interest rates grew, it would affect an estimated 7.4 million students projected to get the loans over the next 12 months.

Congressional leaders also were interested in including provisions revamping the nation's flood insurance program.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 160653185 - kbtx.com/a?a=160653185
Gray Television, Inc.