Rep. Nancy Pelosi (D-CA), House Minority Leader and other House Democrats unveiled their new economic agenda to mobilize the middle class on July 16.

While the newly passed deal lowers interest rates for students, none of the rates are locked in as they are tied to the 10-year treasury note and can freely move with the market. If the economy improves as expected, rates will continue to rise.

President Obama signed the Bipartisan Student Loan Certainty Act of 2013 into law today. While this is a step in the right direction for Congress, the newly passed interest rates are not locked in and can freely move with the market. We urge Congress to find a better solution to this temporary fix, one that includes a low, fixed rate […]