Walz-Student Loans



First District Representative Tim Walz is taking action to force an up-or-down vote on key legislation that would prevent interest rates on student loans from doubling on July First.

Walz joined his colleagues in signing a discharge petition to bring up a vote  Student Loan Relief Act of 2013.

Walz said students at Minnesota public and private universities currently graduate with an average debt load of nearly $30,000-the third highest in the county.

Congress fails to act before July First, interest rates on subsidized Stafford student loans will double from 3.4 percent to 6.8 percent, piling billions of more dollars of debt onto the backs of students across Minnesota and the country.

Filed Under :  
Topics : Business_FinanceEducation
Social :
Locations : Minnesota
People : Tim Walz
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