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July 18, 2013

Senators Reach Bipartisan Deal on Student Loans 
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Senate members have reached a bipartisan agreement that could reverse
the doubling of interest rates on federally subsidized student loans.
The interest rate for Stafford loans climbed to 6.8 percent earlier this
month after Congress failed to reach a deal to avoid the hike. Under the
agreement, students could see a lower rate through 2015, but then see
those rates jump as they become attached to financial markets. A vote on
the proposal could come as early as today.

 

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