LocalMichiganNewsSouth Bend Market

Michigan school districts look to save millions in interest thanks to interest rate reduction

Image by pasja1000 from Pixabay

Michigan school districts are expected to save about $8 million in interest, thanks to a reduction in interest rates in the School Loan Revolving Fund.

Legislation was signed into law Monday that will reduce borrowing costs for school districts that participate in the program.

Governor Whitmer told M-Live that she would work with anyone in order to continue making educational investments that benefits schools and students in the state.

 

Related posts

Law enforcement officers work together to enforce distracted-driving laws

Alyssa Foster

Purdue professor predicts car import drop due to Baltimore bridge collapse

Network Indiana

Local News podcast for Thursday, March 28, 2024

Jon Zimney

Leave a Comment