Nation | Elections | Education

Senate Passes Student Loan Legislation To Lower Interest Rates

NPR | July 25, 2013 6:31 a.m.

Contributed By:

Ailsa Chang

After much drama, the Senate finally voted on a student loan bill that would tie the borrower’s rate to the 10-year Treasury note on Wednesday. The proposal is a bipartisan compromise and similar both to a House plan and one offered by President Obama.

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