Congress left for July 4th recess over the weekend with some unfinished business. Congressional inaction has left student loan rates to double from 3.4 percent to 6.8 percent.
Last week, Senator Angus King, Independent from Maine, told us that he was ready with a bipartisan solution to the problem: “There is a solution out there and Joe Manchin and I and a group of Republicans put something forward. I think there’s a solution out there and, well, you know Congress – we gotta get to the precipice.”
We’ve passed the precipice and seven million students could be affected.
Jeff Cutter is the founder and adviser for Cutter Financial Group.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!