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From: Warren Reports

Reducing interest rates on student loans

By Jason Spitalnick - December 12, 2006, 1:09PM

Interest rates on need-based student loans will be cut in half "within the first couple of weeks of the new session." Stay tuned for more...

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Hopefully that applies to refis too!

Posted by Chris Robertson
December 12, 2006 3:52 PM | Reply | Permalink

Looks like it applies to new subsidized student loans and to parent loans, but not refinancing (bill summary here).

In the article Jason found, I thought this statement by soon-to-be-former Chairman McKeon was interesting:

"I'll be as blunt as possible: you will never convince me -- never -- that the federal bureaucracy can do a better job than the private sector in managing the student loan program," Republican Rep. Howard "Buck" McKeon, the outgoing chairman of the House education committee, said in a recent speech to bankers.

Posted by James Kvaal
December 12, 2006 4:44 PM | Reply | Permalink

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