Senate Democrats on Wednesday failed to restore lower interest rates on student loans, again coming up short and perhaps signaling that undergraduates might really face rates twice as high as the ones they enjoyed last year.
College students taking out new loans for the fall term will see interest rates twice what they were in the spring — unless Congress fulfills its pledge to restore lower rates when it returns after the July 4 holiday.
Many Garden State high school seniors have recently made their decisions on where to attend college next fall. To help them, Department of Banking and Insurance (DOBI) Commissioner Ken Kobylowski is offering advice to new and returning higher education students and their parents to help them make smart financial decisions.
The State Senate Budget Committee is expected to approve the Fiscal year 2014 budget bill today. The final details are still being hammered out behind closed doors. With that as the backdrop, Rutgers New Brunswick students and recent graduates held a press conference today calling on local legislators to hold Gov. Chris Christie to his promise to increase higher education funding in his first term.
A two-bill legislative package to allow New Jersey students planning to attend a state college or university to pay in-state tuition costs despite their immigration status or that of their parents as long as they meet certain requirements has been approved by an Assembly committee.
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