Skip to Content

Financial Services

CONGRESSMAN CUELLAR CO-SPONSORS BILL TO LOWER STUDENT LOAN COSTS

| Posted in Press Release

Today, Congress passed HR 5, the College Student Relief Act, which was co-sponsored by Congressman Henry Cuellar. This bill will help make higher education accessible and affordable by cutting the interest rates in half on certain subsidized student loans over the next five years. Interest rates on subsidized student loans for undergraduates would be cut from the current 6.8 percent to…