BUSINESS

House, Senate spent $21 million to pay down workers' student loans

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The House of Representatives and U.S. Senate combined to spend more than $20 million last year to help pay down student loans for the staffers of congressmen, Federal Times reports.

The benefit, which was created in 1990 and implemented about 10 years later, is meant to attract college graduates to government work and federal jobs by helping them pay off college debt.

Beyond the Capitol, Federal Times says that more than 10,000 federal workers received $72 million in student loan assistance in 2011.

This figure comes out as Congress considers allowing student loan interest rates to double later this summer.

READ MORE at federaltimes.com.

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