Courtney, students at Capitol to testify on student loan interest rates

The current fixed interest rate on Stafford federal subsidized student loans, held by nearly 8 million undergraduates, is 3.4 percent, but that rate will double to 6.8 percent on July 1, 2013 unless Congress takes action. Photo: Connecticut State Capitol building, Hartford, CT – file photo.
Press Release
Congressman Joe Courtney, Eastern Connecticut State University President Elsa Núñez and a delegation of students and advocates from ConnPIRG (Public Interest Research Group) will be at the Capitol in Hartford, CT today (June 17) to ask Congress to keep student loan interest rates from doubling.
With only 13 days until the deadline, they hope to prevent the hike from taking effect on July 1.
The current fixed interest rate on Stafford federal subsidized loans, held by nearly 8 million undergraduates, is 3.4 percent, but that rate will double to 6.8 percent on July 1, 2013 unless Congress takes action.





















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