Got outstanding student loans? You’re in luck: Congress just passed legislation keeping your interest rates at 3.4% for another year.

shortformblog:

Rates were set to double at the end of the month, but a huge package negotiated by Democrats and Republicans will retain the low(er) rates for another year (this only applies to federally-backed loans). The legislation passed the House and Senate today, and the White House has indicated that President Obama will sign it. So, yay! There’s a lot more policy in the bill, too, including extensions of federal highway programs and national flood insurance.

More good news, everyone!

294 Notes/ Hide

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  7. unionheavy said: Thank god.
  8. culturisticapparatus reblogged this from moneyisnotimportant
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  19. ahshaffer reblogged this from shortformblog and added:
    woohoo!
  20. namosays reblogged this from moneyisnotimportant
  21. wegodownwiththeship reblogged this from iwantcupcakes
  22. politics-daily reblogged this from truth-has-a-liberal-bias and added:
    I can’t help but feel like I’d be more excited about this if the government was working towards finding a way to make...
  23. one-day-i-ll reblogged this from shortformblog
  24. bostondahlia reblogged this from moneyisnotimportant and added:
    Phew. One more year to pay off as many loans as possible…>_>
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