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| Use Consolidation to Get Control of Student Loans (ARA) - You made it through school and are now faced with the challenges of the real world. Youve worked hard to complete your studies and now its time to find a job and create a career in the field of your choice as well as pay back those student loans. Student loans may see cuts College students around the nation may have to pay back less of their student loans under new legislation passed by the U.S. House of Representatives. The bill passed 356-71 last week and would halve the interest rate on Stafford loans, a type of federally sponsored financial aid, by 2011 if passed by the U. Student loans: Bill will prove beneficial for students Collegians editorial opinion is determined by its Board of Opinion , with the editor holding final responsibility. The House of Representatives approved a bill Wednesday by a 356-71 vote that would cut interest rates for subsidized student loans in half. One of Americas Great Student Newspapers The House of Representatives voted Jan. 17 to cut interest rates in half on undergraduate subsidized Stafford loans by 2011. Bloodshed in Beirut casts shadow over aid pledges Student battles killed at least two in Lebanon on Thursday, as international donors promised $7.6 billion some hope will help the U.S.-backed government survive a growing challenge from the Hezbollah-led opposition. Interest rates decrease, incentives rise The United States House of Representatives passed a bill Jan. 17 to lower interests rates on need-based student loans, government officials said. The bill, originally a part of a package of legislative priorities, made good on the election-year promise by Democrats, even though the rate cut originally envisioned has been scaled back. Student loan interest rate cuts pass in the House Last week, members of the U.S. House of Representatives voted to pass a bill that would cut student loan interest rates in half. Congress throws rope to students drowning in student loan debt ALTUS - Democrats in Congress last week seemingly threw a rope to current and future students who face the possibility of drowning in student loan debt. But is the rope long enough? A vote for cheaper student loans On Jan. 17, I was pleased to cast my vote on the floor of the House to cut $6 billion in excess subsidies to student loan lenders and to direct the savings to reduce the interest rates paid by students who qualify for Stafford student loans. Nelnet will keep profits from government subsidy The moneymaking loophole is gone, and now so too are any future subsidy profits for the National Education Loan Network, known as Nelnet, a Lincoln-based student loan provider. But the company gets to keep $278 million in profits from disputed government subsidy payments as part of an agreement with the U. | |