(Source: Angus S Jr King) Wednesday, May 11, 2016 WASHINGTON, D.C. - In remarks delivered on the Senate floor this afternoon, U.S. Senator Angus King (I-Maine) applauded an announcement that federal student loan interest rates for the 2016-2017 academic year will fall to 3.76 percent, down from last year's rate of 4.29 percent - the best rate for students in twelve years. The reduction is the result of the Bipartisan Student Loan Certainty Act, legislation brokered by Senator King and a bipartisan group of his colleagues in 2013 that pegged interest rates to the financial markets rather than having Congress set them, which had been the prior practice. The legislation is projected to now save...
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