In The News
With the U.S. Congress failing to act, interest rates on federally-subsidized student loans doubled this week.
Effective July 1, the rates for Federal Stafford Loans went from 3.4 to 6.8 percent, meaning that without congressional action, the 7 million students using the program will see a $4,000 increase on their average debt of $27,000.
Rep. Foster stopped by Loaves and Fishes to volunteer and speak with clients about the importance of food assistance. This comes after House Republicans passed the Farm Bill without funding for SNAP.
Video available here: http://www.youtube.com/watch?v=YuTwFpU7_aI&feature=youtu.be
U.S. Rep. Bill Foster (D-Naperville) paid a visit to the Aurora Interfaith Food Pantry Friday, a day after the House Republican leadership voted in favor of a farm bill that did not include a nutrition assistance program for low-income families and seniors.
U.S. Rep. Bill Foster, D-Naperville, announced that he has become a cosponsor of H.R. 2250, the Spending Reduction Act, which would provide a responsible approach to deficit reduction and replace many of the mindless, across the board cuts implemented through sequestration.
Among the things he saw Friday in downtown Joliet, U.S. Rep. Bill Foster noticed in particular the new Joliet Junior College building going up.
Students from Neuqua Valley High School recently placed second in the 10th annual national SIFMA Foundation Stock Market Game or “Capitol Hill Challenge.”
The National Retail Federation today, in conjunction with National Small Business Week, recognized a bipartisan group of 136 Members of Congress -- 69 Senators and 67 Representatives -- as 'Heroes of Main Street' for their support of the American retail industry, the nation's largest private sector employer.
House Democrats are pressing their colleagues to address the student loan interest rate hike that is set to take effect July 1, if lawmakers fail to pass legislation that would stop the increase.