You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Schools

  • School districts see subs shortage
    Joanie LeGrand retired from teaching at Holland Elementary School in Fort Wayne in 1999. Now she comes back to work as a substitute teacher, bringing her bag of tricks with her.
  • Preschool grants offered to low-income Hoosier families
    Allen County families who meet certain income requirements can apply for prekindergarten educational grants from Indiana’s Office of Early Education and Out-of-School Learning.
  • School Delays for Nov. 19
    Frigid temperatures are once again leading to school delays around the area.
Advertisement

Senate fails to keep student-loan rates low

Coats, Donnelly split votes

U.S. senators from Indiana were on opposite sides Wednesday in a procedural vote that failed to advance legislation to cut the interest rate on subsidized student loans.

The Democratic Senate voted 51-49 in favor of limiting debate on a bill to reduce interest on Stafford loans from 6.8 percent to 3.4 percent for a year. But 60 votes were needed to advance the bill.

In a mostly party-line vote, Sen. Joe Donnelly, D-Ind., favored advancing the bill while Sen. Dan Coats, R-Ind., voted against it.

The interest rate on Stafford loans doubled July 1 when Congress failed to take action to extend the expiring lower rate.

The Senate bill would paid for the loan rate cut by eliminating a tax break on retirement accounts.

A bipartisan group of senators wants to tie student loan rates to 10-year Treasury notes. The Republican House passed a similar bill in June.

Advertisement