Catholic News Service Taps SMC's Michael Beseda For Insight On Fed Student Loan Rate Increase
The Catholic News Service (CNS) tapped Saint Mary's Vice Provost for Enrollment Michael Beseda for a national story about pending increase in the federal student loan interest rate. A one year Congressional extension of the current 3.4 percent interest rate is due to expire the beginning of July unless lawmakers take action. The federal interest rate on student loans will double to 6.8 percent on July 1. In the CNS story "College loans revisited: Costs to go up if Congress can't reach deal," Beseda commented on the woeful lack of progress by Congress on the issue. The Catholic News Servivce is a national wire service for dioscean newspapers and other Catholic media outlets acrcoss the country. Read the CNS story.