Legislation introduced Wednesday would help states expand high-quality preschool options to 4-year-olds in low- and middle-income families. President Obama’s State of the Union address in February laid out a vision for early education.
Now both houses of Congress have passed a compromise bill lowering a recent interest rate hike on student loans. Under the new legislation, which will now move to President Obama's desk, politicians will no longer be responsible for setting the rates.
The rate for subsidized Stafford loans is set to increase from 3.4 percent to 6.8 percent on July 1, due to Congressional inaction, just as millions of new college students start signing up for fall courses.
Student loans backed by the federal government are set to become more expensive this summer, when their interest rate doubles from 3.4 percent to 6.8 percent. The rate hike would affect Stafford student loans, and thousands of students are protesting.