Through forums and regional tours, I continue to gain insights from my constituents on public policy issues and have introduced and supported legislation that reflect the core values of Minnesota’s Eighth Congressional District.

On July 1, 2006 the interest rates on outstanding federal student loans are expected to rise to just over 7 percent—the highest rate in six years—and the rate on outstanding federal parent loans are expected to rise to about 7.8 percent. Student borrowers who consolidate before July 1st may be eligible to lock in a rate as low as 4.75 percent over the life of their loan(s)—which would save the typical undergraduate borrower almost $3,500 over the life of his or her loan. But students and parents must act quickly to ensure that they can lock in these lower rates.