Interest would not accrue on federal student loans for active-duty soldiers and their spouses under the Interest Relief Act introduced Tuesday by Sen. Evan Bayh, D-Ind.
For those activated for 12 to 15 months, the bill could mean an average savings of between $1,183 and $1,479 in interest over their activation period, according to the senator’s office.
Under the Interest Relief Act, eligibility would include active-duty soldiers of any branch of the military, including reserve units and the National Guard and their spouses, who have student loans through the Federal Direct Loan Program.
The interest-accrual deferment could be for up to five years while on active duty. Members of the armed forces can already defer payments on their student loans while on active duty, but the interest continues to accrue.
“By deferring interest accrual for those who have student loans, we remove one more hurdle that our soldiers and their families face when they are planning their future after active duty service,” Bayh said.
Clark County
Bayh introduces bill to help soldiers with student loans
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Jeffersonville mayor, council disagree on hiring
Moore said he would veto the legislation, but include a recommendation that the three already hired positions be funded. Zastawny said the council would consider that recommendation.
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GCCS OKs modified balanced calendar
The calendar for 2012-2013 closely follows the calendar adopted by the New Albany-Floyd County Consolidated School Corporation for the same year.
Continued ... - News and Tribune briefs for Feb. 8, 2012
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House panel leader leery of creationism bill
Supporters in the Senate, which approved the bill last week in a 28-22 vote, say the broader religious reference improves the bill’s chances of being ruled constitutional.
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Statehouse action resumes after Super Bowl break
Daniels wants legislators to concede to some more of his wish-list items as they head toward their mandatory March 14 deadline for the session’s end.
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Prosser hosts heated competition
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Clarksville decides to rethink bridge project
“Anytime you have a traffic light, you have a built-in safety concern,” Gilkey said after the meeting. “Sooner or later, someone’s going to go through it."
Continued ... - Four more arrests made in Jeffersonville shooting case
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Vissing Park construction over budget by $2M
“I don’t even know if there was ever a working budget” that included the $2 million figure, Parks and Recreation Director Paul Northam said. “I think it’s basically a guesstimate.”
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Half of Jeffersonville Fire Department overtime budget already gone
During the closing moments of the meeting Councilman Matt Owen said he was shocked by Mayor Moore’s plans and comments pertaining to two Jeffersonville Parks and Recreation Department matters reported in the News and Tribune during the last week.
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Jeffersonville mayor, council disagree on hiring
