No deal on loans — from insidehighered.com by Libby Nelson
Excerpt:
On Thursday, though, the clock ran out: the Senate’s failure to reach a deal to avert an interest rate hike for federally subsidized student loans means the rate will double Monday.
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The failure to vote on a plan before the Senate adjourned for its July 4 recess Thursday night means that interest rates on new, federally subsidized loans will double to 6.8 percent Monday.