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April 19, 2014, 10:13 pm
970 WMAY News

Partisan Battle Over Student Loans


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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