Huh???

Wait a minute. So they plan on reducing the interest rate and cut it nearly by half BUT it will take effect little by little and when it to take full effect the bill will expire?



The fuck kind of a bill is this?



These people keep insulting my intelligence.



House Votes to Reduce Rates on Student Loans

The House overwhelmingly approved a bill yesterday that is designed to cut interest rates on college loans, creating a plan that potentially could save students $2,300 over the course of a loan. But the reduction in rates would be phased in and would not take full effect until 2011, when the legislation would automatically expire unless renewed by Congress.