October 21, 2005

House Considers New Hurricane Bill

By STEPHEN BURD

Most students who took out loans this fall to attend colleges that have been closed temporarily by Hurricanes Katrina and Rita would not have to repay them, under a bill introduced by Republican lawmakers on the U.S. House of Representatives education committee.

That legislation (HR 3975) would also allow borrowers in hurricane-affected areas who are out of college and in repayment to defer their payments for six months and not have interest accrue during that period. In addition, Gulf

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