Yesterday evening, the House passed the final version of the student loan interest rate legislation with overwhelming support, by a vote of 392 to 31. There were no changes to the Senate bill. The bill now heads to the President’s desk for his signature, which is expected.
Press releases have been issued by both House Education & Workforce Committee Chairman Kline and Ranking Member Miller.
To say the least, this was a bumpy road. As with many debates on Capitol Hill, the gridlock could have been easily avoided, especially when you look back at the final provisions. Although the quagmire is over, OGR and the higher ed community will be closely following the impact it has on students as provisions are implemented.