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Courtney Pitches Student Loan

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(Credit/Douglas Healey/Getty Images).

(Credit/Douglas Healey/Getty Images).

HARTFORD, Conn. (AP) _ Congressman Joe Courtney is highlighting legislation he has proposed in Congress to prevent interest rates on need-based student loans from doubling next month.

The current fixed interest rate on Stafford loans is nearly 3.4 percent.

It is set to double to 6.8 percent on July 1. Courtney, a Democrat, is scheduled to appear Monday at the Legislative Office Building in Hartford to discuss his proposal to lock in the lower rate for two years.

Courtney said that would give the Congress time to come up with a long-term solution.

The 2nd District congressman is scheduled to appear at Monday’s event with Eastern Connecticut State University President Elsa Nunez, advocates and college students.

(© Copyright 2013 The Associated Press. All Rights Reserved.)

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