Federal Relations

Federally Subsidized Student Loan Rates Double Today

Congress adjourned last week for the 4th of July recess without passing legislation to halt the rise of student loan interest rates. That means that today the interest rate on Federally Subsidized student loans doubles from 3.4% to 6.8%. The rate hike is expected to affect 7 million students and will add an average of

Senate Passes Immigration Reform

A short time ago, the US Senate approved sweeping immigration legislation. By a vote of 68 to 32, the Senate approved and concluded a month-long debate of a measure which was nearly 1,200 pages. To note the historic significance of the vote, Vice President Biden presided over the vote and Senators voted from their desks, which is

Student Loan Deal Unlikely

Today, Senate Leader Harry Reid admitted that a deal to keep student loan interest rates from doubling to 6.8% before July 1st is unlikely. Several Senators continue to work to produce a last minute deal, including Senator Joe Manchin (D-WV) who has been working with Senator Angus King (I-ME), an independent who caucuses with Democrats, and

Fisher v. University of Texas Ruling

Today, the Supreme Court came out with its ruling on the case Fisher v. University of Texas at Austin that lower courts did not apply a sufficiently high level of scrutiny to the University of Texas’s use of race in admissions decisions, sending the case back to one of those lower courts to be reconsidered. In

Senate Reports Student Loan Progress

Senate Democrats, Republicans and the White House are reporting progress in negotiations to a student loan interest rate fix. A group of Democratic senators, including Jack Reed RI), Joe Manchin III (WV), and Elizabeth Warren of Massachusetts, along with independent Angus King (ME), have been conferring with Senate Republicans over the past 24 hours. The plan, which is broadly based on the president’s budget

House Proceeds on Farm Bill as White House Threatens Veto

The House will begin consideration of the Farm Bill (HR 1947) today and finish consideration on Thursday. While the House Rules Committee is still determining which amendments will be made in order, 220 amendments have been submitted to the Rules Committee.The House Rules Committee has proceeded with a rare two day consideration of the rule

Federal Update

Congress has just two weeks before the July 4th recess week to tackle several major legislative issues. This week, the House will try to pass a five-year farm bill that contains controversial dairy policies and cuts to food stamps. It will also revive the abortion debate over a bill to ban certain abortions. In the

CBO on Student Loan Interest Rate Change and Proposals

Today, the Congressional Budget Office (CBO) released a report on the impacts and costs of the student loan interest rate going from 3.4 to 6.8 percent. The CBO analyzes the impact to Direct (subsidized and unsubsidized) and PLUS loans.  The report also broadly touches on the impacts to students and the nation if student loans

Student Loan Bills Fail in Senate

This morning, the Senate took up both S 953, the Reed-Harkin-Reid-Murray two year extension of 3.4% interest rate on student loans and the Senate Republican alternative, S 1003, sponsored by Senators Tom Colburn and Lamar Alexander.  The Senate Republican bill would have tied student loan interest rates to the 10-year Treasury note rate plus 3

Today in Congress: Student Loan Bills

The Senate is in at 9:00am and will hold three procedural votes on the farm bill and two rival bills to keep interest rates low for student loans. It’s not certain either can clear the 60-vote threshold in the Senate. The Republican-led House already has taken action on loans – and drawn a veto threat

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