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News Release | Higher Ed

Interest Rates for 105,027 Student Loan Borrowers in Maryland Double

 Due to Congressional inaction, the interest rates on federally subsidized student loans doubled on July 1 from 3.4 percent to 6.8 percent. The change will affect 105,027 students in Maryland, and in total the rate increase will hike the cost of Maryland students’ loans by $95 million. That translates into a $909 increase in debt per student, per loan.  However, because most new student loans are issued in August and September, Congress can still pass a retroactive fix. 

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Media Hit

Some TV stations rise to challenge of covering Baltimore's bloody summer

O'Doherty also pointed to a report in January by the Maryland PIRG Foundation, which self-identifies as a consumer advocate organization, that gave Baltimore a B+ in transparency.  The grades were based on the ability of city residents to be able to track budgets, contracting grants and requests for quality-of-life services on a city's website.

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Big Pharma’s Pay-for-Delay Deals Take a Hit

Big Pharma’s controversial “pay-for-delay” agreements took a hit today. In FTC v. Actavis, the U.S. Supreme Court ruled that the FTC’s case against the payoff keeping generic AndroGel from the market can move ahead in the lower courts.

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News Release | Higher Ed

Interest Rates for 105,027 Student Loan Borrowers in Maryland Set to Double on July 1

Baltimore, MD– Unless Congress acts, on July 1, the interest rate for 105,027 student loan borrowers in Maryland will double from 3.4 percent to 6.8 percent. According to an issue brief released today by Maryland PIRG, the rate increase would hike the cost of Maryland students’ loans by $95,469,543 million. That translates into a $909 increase in debt per student, per loan.

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News Release | Public Health, Health Care

New Report Documents a Decade of Safety Violations by Compounding Pharmacies

Baltimore, May 23 – The contaminated drug that caused last fall’s fungal meningitis outbreak and killed 55 people is just the tip of the iceberg of an industry-wide problem, according to a new report released today by Maryland PIRG. The meningitis outbreak was simply the latest and deadliest in a long line of errors and risky practices by compounding pharmacies.

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News Release | Health Care

Maryland's Health Care Exchange on Track to Lower Costs for Consumers

Maryland’s health insurance exchange has the potential to be a national leader in delivering better value for consumers, according to Making the Grade, a new report by Maryland PIRG.

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News Release | Budget, Tax

New Report Shows Problems with Widely Used Local Economic Development Tool

A new research report released today outlines problems with the growing trend among cities to borrow against future growth and divert tax revenues as a way to attract economic development.

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News Release | Budget, Tax

Taxpayer Subsidies for Junk Food Wasting Billions

Federal subsidies for commodity crops are also subsidizing junk food additives like high fructose corn syrup, enough to pay for 19 Twinkies per taxpayer every year, according to Apples to Twinkies, a new report by Maryland PIRG.   Meanwhile, limited subsidies for fresh fruits and vegetables would buy less than a quarter of an apple per taxpayer.

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News Release | Budget, Tax

Unlikely Allies Uncover $1 Trillion in Savings for Super Committee

As the Congressional “Super Committee” begins its search for $1.5 trillion in deficit reduction, a new study released today by the U.S. Public Interest Research Group (U.S. PIRG) and the National Taxpayers Union (NTU) provides the panel with a great place to start: more than $1 trillion of spending cuts with appeal from across the political spectrum.

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New Consumer Agency Takes Over Thursday as Nation’s Consumer Bank Cop

Leading consumer groups today announced the results of a poll showing that an overwhelming majority of likely voters both support a new consumer agency (74%) and want Wall Street held “accountable” (77%), along with a report documenting “10 reasons” consumers need the new Consumer Financial Protection Bureau.

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