KDLT Home KDLT on Facebook KDLT on Twitter Get the KDLT iPhone App Get the KDLT Android App

Obama To Sign Student Loan Deal Keeping Rates Low



Bookmark and Share

Students heading back to college this fall will save thousands in interest charges on their loans after they graduate once President Barack Obama signs into law a rare bipartisan compromise.
    
The president is scheduled to sign the deal Friday at the White House, ending a frenzied summer of negotiations to restore lower interest rates before millions of college students move back into the dorms.
    
About 11 million students this year are expected to have lower interest rates, the average undergraduate saving $1,500 on interest charges on this year's loans.
    
The legislation links student loan interest rates to the financial markets. It restores lower rates this fall but could yield higher costs if the economy improves in the years ahead.
    
Undergraduates this fall would borrow at a 3.9 percent interest rate.
< Prev Story Back To Top Next Story >
     

U.S. Senate Debate Surrounds EB-5 Scandal   story with video

For the first time since April's primary election, the four men vying for U. ...

Iowa Mother Charged After Girl Becomes Pregnant

Authorities say a central Iowa woman faces a child endangerment ...

SD Gubernatorial Candidates Square Off   story with video

With less than three months to go until South Dakota's general election, the ...

South Dakota Hunger Report Released  story with video  Aug. 20

Student's Issued Chromebooks For Year Ahead  Aug. 20

SD Groups Form Alliance Against Pipeline  Aug. 20

SD Man Sentenced Over Worker Lead Poisoning  Aug. 20

Suspect Tried To Push Woman Into Lake  Aug. 20

South Dakota Students Score Well On ACT Exam  Aug. 20

Neunaber's Father Died Of Natural Causes  Aug. 20

Rapid City Teacher Faces Child Porn Charges  Aug. 20

Uranium Mine Hearings Continue In Rapid City  Aug. 20

Man Convicted Of Murdering 2 People In Sioux City  Aug. 20

Man With 200 Bags Of Heroin Sentenced To Prison  Aug. 20

Rapid City Arena Plan Might Include Fire Stations  Aug. 20

Howes Man Fined $10K For Killing Bald Eagle  Aug. 20

Volunteer Fair Offers Ways To Get Involved   story with video  Aug. 20

Dozens Gather For Ferguson Rally In SF  story with video  Aug. 19

Parks Board Approves Alcohol Ban   Aug. 19

Ex-Prosecutor Pleads Not Guilty To Rape Charges  Aug. 19

Daycare Provider Faces Child Abuse Charges  story with video  Aug. 19

SD: 90 % Of Students Finished High School  Aug. 19

Iowa Boy Accused Of Severely Injuring Dog  Aug. 19

Dems Call For Daugaard, Rounds Subpoenas  Aug. 19

Sioux Falls Construction To Build Indoor Pool  Aug. 19

Tea Fire Dept. Deals With Lack Of Hydrants  story with video  Aug. 19

SFPD Release Casino Robbery Surveillance  Aug. 19

KDLT News Archive
     

Day Care Provider Charged For Injuring Boy

Police in Sioux Falls say a day care provider is facing a ...

Daycare Provider Faces Child Abuse Charges  story with video

A Sioux Falls home daycare provider is facing felony ...

Teens Plead Guilty In Fatal SF Shooting

Two teens involved in the December 2013 fatal shooting ...

Dozens Gather For Ferguson Rally In SF  story with video  Aug. 19

Dems Call For Daugaard, Rounds Subpoenas  Aug. 19

Man Gets Life For Killing Pregnant Girlfriend  Aug. 19

Neunaber's Father Died Of Natural Causes  Aug. 20

Iowa Boy Accused Of Severely Injuring Dog  Aug. 19

KDLT News Archive
     

Scheels Plays of Week from August 11th-17th  story with video

Zach Borg has your Scheels Plays of the Week from August 11th-17th. ...

Bougher pitching well for Railcats  story with video

Former Jackrabbit Stephen Bougher has had a solid second season in the American ...

Birds go extras behind Kirby-Jones HR's  story with video

A. J. Kirby-Jones continued his power surge with 2 more HR's Tuesday night at the ...

MMA Fights finally come to South Dakota  story with video  Aug. 19

Kluwe, Vikings Reach Settlement To Avert Lawsuit  Aug. 19

Softball season is underway  story with video  Aug. 18

Talcott adds amateur title to resume  story with video  Aug. 18

Wynot Clutch Late To Dethrone Defending B Champ Alexandria  story with video  Aug. 17

KDLT Sports Stories
     
Back To Top