Contact Us
Make My Homepage

Obama to Sign Student Loan, Transportation Bill on Friday

President Barack Obama on Friday plans to sign into law legislation that prevents interest rate increases on new loans to millions of college students and maintains jobs on transportation projects across the nation.

President Obama speaks during White House Conference on Conservation
Mark Wilson, Getty Images

The bill signing at the White House will feature construction workers and college students. Congress approved the legislation last week with a bipartisan majority. Obama had made the expiring student loan interest rates an issue for months.

The bill allows more than $100 billion to be spent on highway, mass transit and other transportation programs during the next two years. Those projects would have expired June 30.

It also maintains interest rates of 3.4 percent for subsidized Stafford loans for undergraduates that would have doubled for new loans beginning July 1 if Congress hadn’t acted.

 

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

Best of the Web


Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!