Rushville Republican

News

August 2, 2013

Messer supports bill to make student loans more affordable

Messer votes for H.R. 1911, the Bipartisan Student Loan Certainty Act

Thursday, Congressman Luke Messer (IN-06), member of the House Committee on Education and the Workforce, voted to support passage of H.R. 1911, the Bipartisan Student Loan Certainty Act, which will stop interest rates on most student loans from doubling.

“This is a good deal for the 11 million students who will save an estimated $1,500 in interest over the life of their college loans,” Messer said.

As amended by the Senate, the Bipartisan Student Loan Certainty Act will:

Calculate undergraduate Stafford loans using a formula based on the 10-year Treasury note plus 2.05 percent. (Interest on these loans currently would be 3.86 percent.)

Calculate graduate Stafford loans using a formula based on the 10-year Treasury note plus 3.6 percent. (Interest on these loans currently would be 5.41 percent.)

Calculate graduate and parent PLUS loans using a formula based on the 10-year Treasury note plus 4.6 percent. (Interest on these loans currently would be 6.41 percent.)

Protect borrowers in high interest rate environments by including an 8.25 percent interest rate cap on Stafford loans made to undergraduates, a 9.5 percent cap on Stafford loans made to graduate students, and a 10.5 percent cap on PLUS loans.

Provide stability for students by locking in interest rates for the life of the loans, and prevent future uncertainty about whether Congress is going to act in time to change the interest rate.

Congressman Messer also hailed passage of the bill as a win for taxpayers “because they won’t be forced to subsidize arbitrary interest rates set by politicians for political reasons rather than policy purposes.” He added that “I hope this agreement builds momentum for reaching bipartisan solutions to other national problems.”

As a member of the Committee on Education and the Workforce, Messer has been working to make college more affordable and ensure parents and students have the information they need in a user-friendly format to make informed higher education choices. His bill to ensure they have that information, the Improving Postsecondary Education Data for Students Act (H.R. 1949), passed the House unanimously in May and is awaiting action by the Senate.

1
Text Only
News
  • How to deal with nuisance wild animals Most people enjoy watching wildlife and sometimes even interacting with critters on occasion. One of my favorite activities is keeping the bird feeder well supplied and seeing Hoosier song birds up close and personal. Sometimes there are situations w

    April 22, 2014

  • Briefs Obituaries Marvin Cox, 67 Larry Dean Maupin, 68 Michael Tungate, 60 Thanks! The Rushville Republican thanks the following persons for their subscription to and support of this newspaper: John Owen Alan Amos Events Not-for-profits may submit upcoming

    April 22, 2014

  • 1 nws rv 042214 dark aisles Library continues 'It's overdue, renew' campaign Since the Rushville Public Library opened its doors in 1910, the library has been through changes. The original library was a two-room facility located in the county courthouse. In the late 1920's, a combination of public and private monies funded th

    April 22, 2014 2 Photos

  • 1 fd glenwood 042214 pic Improvements made to Glenwood Community Center Thanks in large part to a Rush County Community Foundation Grant (RCCFG), the Glenwood Community Center recently had new windows installed. The center was built in 1970 and has served the rural community since that time as a meeting site for the town

    April 22, 2014 1 Photo

  • 1 fd comms 042214 pic 'Chicken Ordinance' returned to BZA unsigned Meeting for the second time in their new home, the Assembly Room of the county courthouse, the county commissioners needed the additional space as a result of the number of those in attendance Monday. A number of those on hand came to voice their con

    April 22, 2014 1 Photo

  • 2 nws-rv-042214-Mohr candidacy pic Gerald Mohr announces candidacy for County Council District One Gerald Mohr is married to Anita (Smith) Mohr and they are parents to Brian (Katie) Mohr and Brett (Andrea) Mohr. They are proud grandparents to Hailey, Spencer, Carter and Asha Mohr. Gerald started his career in Rush County upon graduation from India

    April 22, 2014 1 Photo

  • Meal time request, 'May I be excused from the table please?' In a day and age filled with fast food dining and other meals consumed on the living room coffee table, I grew up in a different time. My mother and father were rigid about a number of things, but few things had my attention more than at meal times.

    April 22, 2014

  • sch-rv041814-school lunch pic More than half of local students get lunch assistance The share of students at Greensburg Community Schools who get free and reduced lunches has spiked by about a third in the last five years. Fifty-one percent of Greensburg students get help through the federal school lunch program, according to the In

    April 18, 2014 1 Photo

  • Purdue events calendar Events in this calendar, plus many others, are listed in Purdue's online calendar at http://calendar.purdue.edu ENTERTAINMENT • April 17. 7:30 p.m. Loeb Playhouse. Brad Mehldau jazz piano trio, presented by Purdue Convocations. Ticket holders are in

    April 18, 2014

  • Court appearances near for park vandals As the result of a news article in the March 14 edition of the Rushville Republican, officers from the Rushville Police Department arrested two individuals in connection with vandalism in South Veterans Memorial Park one day after the news article hi

    April 18, 2014

Featured Ads
AP Video
Bon Jovi Helps Open Low-income Housing in Philly Pipeline Opponents Protest on National Mall Hagel Gets Preview of New High-tech Projects S.C. Man Apologizes for Naked Walk in Wal-Mart New Country Music Hall of Fame Inductees Named 'Piles' of Bodies in South Sudan Slaughter New Yorkers Celebrate Cherry Blossom Blooms SCOTUS Hears Tv-over-Internet Case Justice Dept. Broadening Criteria for Clemency Chief Mate: Crew Told to Escape After Passengers 'Miss Meadows' Takes Holmes Back to Her Roots Biden: Russia Must Stop Talking, Start Acting David Moyes Out As Manchester United Manager Raw: Leopard Bites Man in India Iowa College Finds Beauty in Bulldogs High Court to Hear Dispute of TV Over Internet Stowaway Teen Forces Review of Airport Security
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.