Sen. Jeff Bingaman chats with Judy Stubbs during the ENMU-R Foundation for the Future banquet at the Civic Center, Tuesday. Mark Wilson Photo
With the issue of doubling student loan rates pending in Congress, Sen. Jeff Bingaman, D-N.M., spoke to the cost of higher education and addressed the issues facing the country’s educational system.
If Congress does not act by July 1, interest rates on new student debt will double from 3.4 percent to 6.8 percent. Congress is expected to vote on the issue within the next couple of weeks. The real debate is centering around how the federal government can offset the costs of extending the current student loan interest rate. Speaking confidently, the senator indicated his belief that Congress will keep the current rate in place.
Bingaman was honored with the President’s Distinguished Service Award at the Eastern New Login to read more