Senate passes fix to student loan rate hikes - WVVA TV Bluefield Beckley WV News, Weather and Sports

Senate passes fix to student loan rate hikes

Posted:
  • More Local NewsMore Local NewsMore>>

  • Probable cause found in beating case

    Probable cause found in beating case

    Manuel WilliamsManuel Williams
    RALEIGH COUNTY- (WVVA) One of two man accused of attacking a man inside his own home was in court for his preliminary hearing. Manuel Williams, 39, appeared in magistrate court in Raleigh County...More >>
    RALEIGH COUNTY- (WVVA) One of two man accused of attacking a man inside his own home was in court for his preliminary hearing. Manuel Williams, 39, appeared in magistrate court in Raleigh County...More >>
  • Businesses in Bluefield West Virginia

    Businesses in Bluefield West Virginia

    BLUEFIELD (WVVA)- A couple of fast food chains in Bluefield,West Virginia are no longer on Cumberland Ave. Wendy's closed for financial reasonsand according to Mark Meachum, President of the Bluefield Chamber of Commerce, "Arby's as you're aware, the franchisee claimed bankruptcy in a number of Arbys."Not all businesses in Bluefield are having a hard time.Ahmed Anu the owner of Portobella's says, "Just right now I think to myself, business is good. We did good."His Italian restaurant has been...More >>
    BLUEFIELD (WVVA)- A couple of fast food chains in Bluefield,West Virginia are no longer on Cumberland Ave. Wendy's closed for financial reasonsand according to Mark Meachum, President of the Bluefield Chamber of Commerce, "Arby's as you're aware, the franchisee claimed bankruptcy in a number of Arbys."Not all businesses in Bluefield are having a hard time.Ahmed Anu the owner of Portobella's says, "Just right now I think to myself, business is good. We did good."His Italian restaurant has been...More >>
  • Police look for missing man

    Police look for missing man

    William "NIck" DanielWilliam "NIck" Daniel
    RALEIGH CO. (WVVA) – Police in Beckley are looking for a man who went missing last week.William “Nick” Daniel, 26, was last seen July 24...More >>
    RALEIGH CO. (WVVA) – Police in Beckley are looking for a man who went missing last week.William “Nick” Daniel, 26, was last seen July 24...More >>

BLUEFIELD, W. Va (WVVA)-- Without more congressional action, your child could be paying more for school.

Federal student loan interest rates doubled July 1st.

But Wednesday, the US Senate passed the Student Loan Certainty Act, which brings those rates back down.

It also ties them to the ten-year treasury note.

Senator Joe Manchin, one of the bill's sponsors, says if it passes the House as well it would bring rates down not just for new loans, but those who already signed for loans under the higher rates.

Manchin told WVVA, "If you've gone and gotten a loan, July 1'st you [may have started] planning... This is retroactive starting this school year. Starting in 2013.  If they took a loan out after July 1st and it was 6.8 percent increased, then it will go back to 3.86%."

Manchin adds that the rates decreases provided by the Student Loan Certainty Act sweep across the board-- from undergraduates all the way to graduate students.

  • NEWSMore>>

  • Pro-coal rally held in Pittsburgh in wake of EPA hearings

    Pro-coal rally held in Pittsburgh in wake of EPA hearings

    PITTSBURGH (AP) -- More than 2,000 union workers and others organized by the coal industry in Pennsylvania, Ohio and West Virginia are rallying in Pittsburgh to oppose new proposed pollution regulations...More >>
    PITTSBURGH (AP) -- More than 2,000 union workers and others organized by the coal industry in Pennsylvania, Ohio and West Virginia are rallying in Pittsburgh to oppose new proposed pollution regulations...More >>
  • Back to School Bash planned for Hinton

    Back to School Bash planned for Hinton

    Hinton, WV – The REACHH-Family Resource Center, Children’s Home Society and Youth Opportunities are teaming up to sponsor the First Annual “Back to School BASH”. On Thursday, August 7, students in grades 6-12 are invited to the Memorial Building in Hinton from 6:00-8:00 pm for an evening of music (live DJ), food and snacks, a juice bar, door prizes and giveaways, a photo booth for candids of you and your friends and more. The first 100 students will receive book bags chocked full of school su...More >>
    Hinton, WV – The REACHH-Family Resource Center, Children’s Home Society and Youth Opportunities are teaming up to sponsor the First Annual “Back to School BASH”. On Thursday, August 7, students in grades 6-12 are invited to the Memorial Building in Hinton from 6:00-8:00 pm for an evening of music (live DJ), food and snacks, a juice bar, door prizes and giveaways, a photo booth for candids of you and your friends and more. The first 100 students will receive book bags chocked full of school su...More >>
  • Virginia sales tax holiday approaching

    Virginia sales tax holiday approaching

    Virginia is giving shoppers a break on buying back-to-school supplies. Gov. Terry McAuliffe's office says the annual back-to-school sales tax holiday will begin Friday and run through Sunday. During the three-day holiday, shoppers at retail stores statewide won't have to pay sales tax on notebooks, pens, calculators, binders and other school supplies priced up to $20. Shoes and most clothing items priced up to $100 also will be exempt from the sales tax. The Department of Taxation has posted ...More >>
    Virginia is giving shoppers a break on buying back-to-school supplies. Gov. Terry McAuliffe's office says the annual back-to-school sales tax holiday will begin Friday and run through Sunday. During the three-day holiday, shoppers at retail stores statewide won't have to pay sales tax on notebooks, pens, calculators, binders and other school supplies priced up to $20. Shoes and most clothing items priced up to $100 also will be exempt from the sales tax. The Department of Taxation has posted ...More >>
  • Single-vehicle accident backs up I-77 traffic for miles

    Single-vehicle accident backs up I-77 traffic for miles

    GHENT, W.Va. -- Traffic came to a halt on Interstate 77 Wednesday evening, just past the tollbooth.Emergency dispatchers tell WVVA a vehicle crashed near mile marker 35 around 6:30 p.m. Traffic was backed up for miles.There's no word on any injuries. Ghent Volunteer Fire Department and ambulance services responded.The scene was cleared a little before 8 p.m.More >>
    GHENT, W.Va. -- Traffic came to a halt on Interstate 77 Wednesday evening, just past the tollbooth.Emergency dispatchers tell WVVA a vehicle crashed near mile marker 35 around 6:30 p.m. Traffic was backed up for miles.There's no word on any injuries. Ghent Volunteer Fire Department and ambulance services responded.The scene was cleared a little before 8 p.m.More >>
  • DHHR workers picket outside agency

    DHHR workers picket outside agency

    Fayette Co. (WVVA) -Department of Health and Human Resource workers picket outside the agency’s office in Fayette County...More >>
    Fayette Co. (WVVA) -Department of Health and Human Resource workers picket outside the agency’s office in Fayette County...More >>
  • Additional Lane Closure Expected in East River Mountain Tunnel

    Additional Lane Closure Expected in East River Mountain Tunnel

    (WVVA)- Motorists traveling northbound through the East River Mountain Tunnel can expect some delays as more cleaning and repairs are made...More >>
    (WVVA)- Motorists traveling northbound through the East River Mountain Tunnel can expect some delays as more cleaning and repairs are made...More >>
  • Two Raleigh Co. communities to get new fire hydrants

    Two Raleigh Co. communities to get new fire hydrants

    Raleigh Co. (WVVA) –Two communities in Raleigh County are getting new fire hydrants...More >>
    Raleigh Co. (WVVA) –Two communities in Raleigh County are getting new fire hydrants...More >>
  • UPDATE: Nighttime lane closure expected for repairs on tunnel

    UPDATE: Nighttime lane closure expected for repairs on tunnel

    UPDATE: The West Virginia Division of Highways says motorists can still expect periodic lane closures over the next several weeks as work continues inside East River Mountain Tunnel.More >>
    UPDATE: The West Virginia Division of Highways says motorists can still expect periodic lane closures over the next several weeks as work continues inside East River Mountain Tunnel.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WVVA.
All Rights Reserved. For more information on this site, please read our Privacy Policy, Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Audrey Sluss at (304) 324-0659. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.