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For some time now, groups on the left have been pushing Democrats and the White House to pick a big fight with Republicans over the fact that student loan interest rates are set to double when a federal law expires this summer. The White House is now set to join the battle:
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President Barack Obama is calling for support for a student loan interest rate plan that links rates to the market, even though some Democrats in the Senate oppose it. A fact sheet the White House put out today calls the... Read Post
While I’m glad that Senate Democrats are fighting for a better bill that would lower student loan interest rates, Obama really left them hanging out to dry after proposing tying the interest rates to the 10-year treasury note, which... Read Post