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Friday, May 24, 2013

Student Loan Bill Passes House, Setting Up Face-Off

WASHINGTON — The House on Thursday passed legislation to head off a doubling of student loan interest rates on July 1, instead tying rates to prevailing market trends and ending federal subsidies.The bill, approved largely along party lines, 221 to 198, kicks off what is sure to be the next showdown involving House Republicans, Senate Democrats and President Obama, with a hard deadline looming in little more than a month.

Republicans said they had come up with a long-term plan that would get the government out of the business of setting interest rates.


2 comments:

Anonymous said...

obamie has bought the college kids , the Mexicans and the muslims. He paid for them with America.

Anonymous said...

I don't give a dam who he bought, I'm yired of these students getting government money for school.