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VOL. 128 | NO. 155 | Friday, August 09, 2013

Obama to Sign Student Loan Bill Friday

AP

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WASHINGTON (AP) – The White House says President Barack Obama will sign a bill Friday to lower the costs of borrowing for millions of students.

The bipartisan bill has been awaiting Obama's signature since earlier this month, when the House gave it final congressional approval after a drawn-out process to reach a compromise in the Senate.

The bill links student loan interest rates to the financial markets. It would offer lower rates for most students now, but higher ones down the line if the economy improves as expected.

White House spokesman Jay Carney says Obama will sign the bill in a ceremony at the White House. He says in the coming months, Obama will lay out an aggressive plan to reduce costs for college students.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 0 58 3,853
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 58 305 14,339
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 0 93 4,650

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