The equity interest isn't deductible under the AMT and the new law liberalizes deductions for student loan interest.
Even issues that appear to have bipartisan support -- such as capping student loan interest rates -- get stuck in the goo of Congress.
Campus Progress played an invaluable role in raising awareness of the student loan interest rate fight by amplifying the message and rallying the troops around the cause.
Democrats blasted Romney for supporting a student loan interest rate extension when he'd previously backed House Budget Committee Chairman Paul Ryan's proposed cuts to the federal Pell Grant program.
He opened up his now-familiar grab bag of microproposals, including a proposal to forgive student loan interest for those who take a year off from college to work under the auspices of religious groups.
Your student loan interest would potentially go up.
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Senate Minority Leader Mitch McConnell (R-KY) defended the vote, noting that the Republican party was not in favor of a student loan interest rate increase but did not support a boost in taxes for small businesses.
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Student loan interest rates have historically risen and fallen, but moving from 3.4 to 6.8 percent in a single year would be a dramatic jump, said Terry Hartle, senior vice president at the American Council on Education.
Campus Progress was instrumental in leading the charge to prevent student loan interest rates from doubling and through programs in activism, journalism, and events, Campus Progress engages and inspires a diverse group of young leaders to take action.
The President has visited colleges in Iowa, Colorado, and North Carolina to speak with students about this important issue, and he will continue to put pressure on Congress to work together and keep student loan interest rates low.
And that is why Barack doubled funding for Pell Grants and fought so hard to stop student loan interest rates from increasing. (Applause.) Because he knows how important it is for all of our young people to get the education they need for the jobs they deserve.
Though freezing student-loan interest rates may have bipartisan political support, some critics question the benefits of such a move.
First of all, I would say that it's based on anonymous sources, so I'm not sure that it's true, and hopefully it's not because it reports that Speaker of the House John Boehner, in a closed meeting with House Republicans, called the discussion over whether or not to allow student interest loan rates to double a phony debate.
You've got to tell the college student, we're going to have to charge you higher interest rates on your student loan or you're just going to get smaller student loans.
And you create a situation -- movie analogies are popular these days -- you create a situation where you have real people who suffer -- in addition to the impact on your interest rates, whether you have a car loan, a mortgage, a student loan, a credit card -- interest rates go up.
The New York Democrat announced Sunday the Federal Student Loan Refinancing Act, a bill that would lower interest rates for many student borrowers currently repaying their federal student loans.
The other is to borrow student loan from the federal government, which offers lower interest rates and more reasonable return - repayment terms.
Antal Desai with CMCG in Dallas and officials with several groups opposed to the private student loan industry as well as U.S. Public Interest Group.
Some Stafford loans are subsidized, which means the government will pay for the interest on the loan accrued while the student is in school for at least part of the time.
Most recently I have tried to contact my student loan provider in order to renegotiate the payments and possibly the interest and I have been told by American Education Services that I do not have negotiation rights on my loans.
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Are you willing to have teachers laid off, or kids not have access to Head Start, or deeper cuts in student loan programs just because you want to protect a special tax interest loophole that the vast majority of Americans don't benefit from?
If the loan interest is tax-deductible (most mortgages, and some student loans depending on your income and interest amounts), then you lose the deduction on the interest you no longer pay, so you must adjust the return for taxes.
The bankruptcy debate comes as student debt has emerged as a campaign issue, with both President Barack Obama and likely Republican presidential nominee Mitt Romney calling this week on Congress to extend a freeze in the 3.4% interest rate on one of the government's most popular student-loan programs.
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For some students, a prepaid card offered through a college may be the fastest way to receive student-loan funds, says Rich Williams, higher education advocate with the U.S. Public Interest Research Group.
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