Contact Us

Lummis Votes Against Student Loan Rate Increase

Rep. Cynthia Lummis (Courtesy of You Tube)

U.S. Representative Cynthia Lummis joined house colleagues Friday to vote to keep undergraduate Stafford Student Loan rates of 3.4%.

The rates were set to double in June. Lummis says 6.8% is a high interest rate for anyone borrowing right now, let alone students who face hefty unemployment rates after graduation. Lummis says the have been a lot of calls from both Republicans and Democrats to leave those rates at 3.4%.

Lummis says the cost of extending the loan rates, over $6 billion, will be paid for by eliminating the Prevention and Public Health Fund. Fifteen billion dollars was appropriated to the fund as part of the Patient Protection and Affordable Care Act under the direction of the Centers for Disease Control and Prevention.

More News from KGAB

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://kgab.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on KGAB 650AM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on KGAB 650AM quickly by logging in with your Facebook account. It's just as secure, and no password to remember!