OCAP Legislative Update

Senate Rejects Democrat and Republican Interest Rate Bills

Last week, the Senate rejected both the Democrat and Republican bills which would have prevented the impending increase in the Stafford loan interest rate beginning July 1. While both chambers agree that the lower interest rate needs to remain, coming to agreement regarding the budget offset has been difficult. Congress has about one month to come to consensus before the interest rate will return to 6.8%.

OCAP Communications
P.O. Box 3000
Oklahoma City, OK 73101-3000