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Student Loan Interest Rate Increase Clock Ticking


May 24, 2013

Preventing student loan rates from rising; faculty leading expert panels on the Hill; and stellar interns making their way to the Nation’s capital: all in a day’s work for FIU in DC.

LOAN INTEREST RATES

This week, FIU advocates engaged with our Congressional delegation on a House-passed bill which would prevent student loan interest rates from doubling, by setting subsidized federal student loans at the rate of the 10-year Treasury note plus 0.93 percent. With HR 1911 passing 229-198, the President threatening a Veto and multiple measures proposed in the Senate, the month ahead will be busy in both sides attempting to avert a doubling of interest rates to 6.4% on July 1st.   

At FIU, over 45% of students particpate in some sort of loan program. 21,170 students currently receive subsidized Stafford loans with an average loan indebtedness of $16,621.   Were rates to double, that would mean an average of $325 more in payments a year for the life of the loan.  For more information on FIU financial aid stats

FIU PROFESSOR LEADS PANEL 

This past Wednesday, Professor Allan Rosenbaum from the School of International and Public Affairs moderated a round table discussion on the importance of leadership training and development in government. The two guest speakers were Virginia Senator Mark Warner and Former Chairman of the Federal Reserve Paul Volker. Our staff had the privilege of speaking with Chairman Volker and introduced him to our vision and goals for D.C. You can watch Professor Rosenbaum introduce him and Senator Warner in this video.

Rosenbaum

As the President for the American Society for Public Administration, Rosenbaum also reviewed the release of “Memos to National Leaders”, which details specific solutions and practices that help facilitate and organize the public service sector.

DC SUMMER INTERNSHIP EXPERIENCE BEGINS

Also this week, one of our Summer DC Panther Interns, Tuyana Chimitova, visited our office, the first of many FIU students who will be interning this year in Washington. "I was so happy to discover that FIU has a strong presence in DC, I feel right at home", she said.  Tuyana is working for a private finance firm here in Washington and is a Ph. D. Student pursuing her doctorate in Public Administration. She is a perfect example of the kind of vibrant, intelligent, and driven individuals that FIU has in DC this year.  Should you like to contact her, email is tchim001@fiu.edu.

Tuyana

Stay tuned for more updates from FIU in DC.
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