- Hello (again), Dolly!
- ‘Hello, Dolly!’ opens Thursday at EPAC
- ‘Somewhereville Station’ revisits the 50s and 60s
- St. Patty’s musical at Ephrata Main
- Dance, concert will benefit Jamaica missions
- Happy Anniver5ary, St. Boniface!
- Downtown diversity
- Travelogue will explore Colorado River this Saturday
- Cool lineup!
- Everyone wins at the Souper Bowl
Student loan rates could double July 1
With nearly 400,000 Pennsylvania students set to lose an average of $956 if Congress doesn’t act to prevent a significant rate hike on student loans, U.S. Sen. Bob Casey (D-PA), called on Congress to come together to prevent the rate hike. If Congress doesn’t act, interest rates on federally subsidized student loans will double from 3.4 percent to 6.8 percent July 1.
"Congress needs to come together in a bipartisan fashion to prevent this significant rate hike on student loans before July 1," Casey said. "Doubling the rate for federally subsidized college loans would be bad for students and families and could have a serious impact on the economy. With the cost of higher education rising, it’s important that Congress take steps to prevent this rate hike. I’m hopeful that Democrats and Republicans can reach consensus on this issue."
The College Cost Reduction and Access Act of 2007 cut the fixed interest rates on subsidized Stafford loans for undergraduate students to 3.4 percent over a set period of time, but the interest rates on any new subsidized Stafford loans will double to 6.8 percent on July 1 unless Congress takes action. The rate increase would not apply to loans that are currently in repayment or that have already been disbursed, but students still attending or entering school after July 1 that need to take out federally-subsidized Stafford loans would pay higher rates on new loans, adding even more to their existing debt load.
Across Pennsylvania, college students and families benefit from the current interest rate. Doubling the current loan rate from 3.4 percent to 6.8 percent would impact nearly 400,000 Pennsylvania students and costing them an average of $956 each.
About Ephrata Review
Mounts down Mifflin, advance to District semis
Also punch ticket to States for first time In a...
Lefever, Njenga come on strong
Lead EHS contingent of seven to qualify for States Ephrata...
Mounts impress in first round win over LD
Advance to face Muhlenberg in Thursday’s Quarterfinals While Ephrata finds...
Golden moments: Stauffer wins shot and discus; four others claim District medals
Emily Stauffer’s signature event is the shot put. The University...
Ephrata Merchants Association replaced by The Ephrata Alliance
Monthly open-air market on hiatus in 2016. Many events will...
Ephrata’s 121st graduation will be its first live-streamed
Ceremony set for June 2 at War Memorial The Ephrata...
Ephrata woman celebrates 104th birthday; says ‘live a clean life’
Irma Schlott is quite an amazing lady. She recently celebrated...
My little brother: As told by a grieving big sister
This is a local family’s drug addiction tragedy as...
- March 17, 2016