The education Department's proposal first off asking a variable interest in the place of a predetermined, low rate so you're able to borrowers exactly who merge numerous government college loans towards you're an effective "feasible choice for reducing government will set you back" inside the education loan programs, new U.S. Authorities Liability Work environment told you in the a march page to help you Republican lawmakers, that has asked the fresh new opinion.
The training Department's proposition to start asking a changeable interest rate unlike a predetermined, low rate to consumers exactly who blend several federal student education...