Tuesday, July 2, 2013

Student loan rates to double after lawmakers bicker
Associated Press

A compromise to keep student-loan interest rates low proved unwinnable before Monday's deadline, and interest rates on new loans are going to double - at least for a while - senators said Thursday.

Sen. Tom Harkin, the chairman of the Senate education panel, said none of the proposals being circulating among lawmakers could win passage, and he urged lawmakers to extend the current rates for another year when they return from the July 4 recess. (read more)

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