student loans

2:10pm

Wed April 25, 2012
Obama, Romney Both Support Relief Bill

Student Loan Interest Could Double

WASHINGTON (AP/WMOT) — Senate Democrats are expected to introduce a bill this week that will keep interest rates from rising for millions of students with federal loans. Republicans are balking at a tax boost Democrats want to use to pay for it.

Senator Harry Reid unveiled the nearly $6 billion proposal yesterday after it was endorsed by both President Barack Obama and GOP presidential rival Mitt Romney.

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