"Right now, the subsidies in the government-guaranteed student loan program are set by the Congress through the political process, " the budget document read.
The government has sent a bill to Congress to cut the interest rate on student loans from 6% to 2%, and says that the poorest 40% of students will receive grants.
The Department also failed to warn Congress every time they were considering raising the federal student loan limits.
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In 1988, Congress renamed the Federal Guaranteed Student Loan program the Robert T.
In 1978, Congress passed the Middle Income Student Assistance Act, which effectively made federally subsidized student loans an entitlement program available to all.
The fear here is that a Democratic-controlled Congress will again squeeze student lenders and attempt to ramp up competition from the direct lending program.
Now, five years ago, Congress cut the rates on federal student loans in half.
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Five years ago, Congress cut the rate on federal student loans in half.
Project Nur, a student-inspired initiative of the American Islamic Congress, is a program intended to engage Muslim students and others on college campuses on these and other topics.
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Last April I took part in the first of a series of panels on Islam and Science sponsored by Project Nur, a student-led program of the American Islamic Congress and supported by the John Templeton Foundation.
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The class was Government 1310: Introduction to Congress, according to The Harvard Crimson, the school's student newspaper.
Now, this Congress needs to stop the interest rates on student loans from doubling this July.
At a time when Americans owe more in tuition debt than credit card debt, this Congress needs to stop the interest rates on student loans from doubling in July.
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To out-educate our global competitors and make college more affordable, Congress needs to stop the interest rate on these student loans from doubling.
Secretary of Education Margaret Spellings testifies before Congress today about her efforts to stem improprieties in the student loan industry.
Even issues that appear to have bipartisan support -- such as capping student loan interest rates -- get stuck in the goo of Congress.
The same thing happened earlier this year when college students across the country stood up and demanded that Congress keep rates low on student loans.
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Three years ago Congress set out to ease the burden of repaying federal student loans by creating a program that capped monthly payments at a certain percentage of take-home pay.
The Obama administration urged Congress to make it easier for people to discharge a portion of certain student debt by filing for bankruptcy protection.
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Yesterday, the President delivered remarks at the University of North Carolina at Chapel Hill and continued his call for Congress to stop interest rates on student loans from doubling in July.
Last year Congress also reduced federal subsidies for federally-guaranteed student loans, and some lenders said that made the business uneconomical for them.
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