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.