Sen. Brown: Colleges should put tax info online
BOSTON (AP) -- Sen. Scott Brown is calling for a one-year extension of the current 3.4 percent interest rate on federal student loans, while his chief Democratic opponent Elizabeth Warren is faulting Congress for not taking action earlier to avoid a doubling of the rate.
Brown said Monday that he's introducing two bills.
One would continue the current rate for a year. The second would require colleges and universities make their tax forms available online, including information such as faculty and administrative salary and benefit packages.
Warren said rising education costs are threatening the ability of many students to get a college degree.
On July 1, interest rates on federally subsidized Stafford loans are set to double to 6.8 percent.
The White House has also asked a one-year extension of the lower rate.