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Partisan Battle Over Student Loans

Posted 2012-05-28 05:45:00 by WMAY News


Student loan interest rates are the latest issue to be caught up in partisan Congressional gridlock, but U.S. Senator Dick Durbin believes the issue can be resolved before a July 1st deadline.

 

That’s when rates on some federally-subsidized student loans will double, unless Congress takes action.

 

But two completing plans to do that both failed in the Senate last week, in a dispute over how to cover the cost.

 

Durbin says there is still time for a deal to come together.
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