Weather Alert

Significant Winter Storm Possible From Monday Night Through Tuesday

An area of low pressure will track to our south through Monday.  Some light snow should develop through Monday afternoon and evening as a result.  The low pressure will then rapidly intensify off of the Northeast coast Monday night and Tuesday.  Uncertainty remains as to the exact track of this low pressure, but if it tracks close enough to the coast, portions of the area could see a significant snowfall.

WEATHER ALERT

Channel 6 News - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Sen. Chuck Schumer Backs Student Loan Interest Rate Hike Prevention

ALBANY, N.Y. (AP) -- Senator Charles Schumer has said he is backing legislation to prevent a doubling of a student loan interest rate that takes effect July 1. 

On Wednesday, he said the rate on the federally-subsidized Stafford loans will jump from 3.4 to 6.8 percent, unless Congress takes action.

Schumer sayid he will help Lead Sponsor Senator Jack Reed, a Rhode Island Democrat, bring the Student Loan Affordability Act of 2013 to the floor before the deadline.

Congress voted last year to freeze the rates on the need-based loans for a year. They had been lowered in 2007 to 3.4 percent for the 2011-2012 year.

Reed's bill would extend the freeze for two years while lawmakers continue working on reauthorization of the Higher Education Act.

 
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