Jun 27
Some 7 million college students will see their borrowing costs double next week after Republicans and Democrats paid little attention to the issue for 11 months, then spent the past month vainly squabbling over a solution.
Senate Democrats on Thursday rallied against a potential bipartisan compromise ahead of Monday’s deadline. Republicans ruled out a temporary one-year delay. The White House played both sides in the hopes of avoiding blame for the interest rate hike.
“Students across this country would rather have no deal than a bad deal,” said Sen. Jack Reed (D-R.I.).
Read More…
More on Student Loans
Post a Comment