Smarter Solutions for Students Act
H.R. 1911

Student loan rates could more than double under the Republican bill just passed.

Rates for student loans are set to double in July to 6.8%, but no higher..  Under this Republican bill, rates for undergraduate loans, would be set at that of the 10-year Treasury note, plus 2.5 percentage points, and capped at 8.5 percent  The bill would peg rates on graduate student and parent loans to the 10-year T-bill, plus 4.5 percentage points, capped at 10.5 percent.

The interest rate is variable and could increase to the maximum at anytime.

Below are how the Representatives voted.