Bill would tie federal student-loan interest rate to Treasurys

04/10/2013 | Hill, The

Sens. Tom Coburn, R-Okla., Richard Burr, R-N.C., and Lamar Alexander, R-Tenn., are pressing for student loans to be tied to the U.S. Treasury's 10-year borrowing rate in an effort to shore up uncertainty over interest rates. The three have introduced a bill that would affect all new federal student aid. "Not only will this bill bring loan payments down for students, but it will also provide a long-term solution to this issue," Burr said.

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Hill, The

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