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Congressman Gus Bilirakis Supports Legislation to Reduce Student Loan Interest Rates |
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Washington, D.C. - Congressman Gus M. Bilirakis
(R-Palm Harbor) voted in favor of legislation today (H.R. 5) that
would gradually cut certain federal student loan interest rates in half.
Specifically, the bill would reduce interest rates on subsidized Stafford loans for undergraduate students from 6.8% to
3.4% over five years.
Congressman votes in favor of legislation to cut student loan interest rates
in half
January 17, 2007
Washington, D.C. - Congressman Gus M. Bilirakis
(R-Palm Harbor) voted in favor of legislation today (H.R. 5) that
would gradually cut certain federal student loan interest rates in half.
Specifically, the bill would reduce interest rates on subsidized Stafford loans for undergraduate students from 6.8% to
3.4% over five years.
"I am pleased to vote to reduce the financial burden that high interest
rates on student loans place on students and their families," Bilirakis
said. "I look forward to doing even more in the coming weeks and months
to make college more affordable."
The House passed H.R. 5 by a vote of 356 to 71.
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