Republicans Pushing To Overhaul Government’s Student Loan Program

View Comments
File photo of a university classroom. (credit: JEAN-PIERRE CLATOT/AFP/Getty Images)

File photo of a university classroom. (credit: JEAN-PIERRE CLATOT/AFP/Getty Images)

Latest News

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

WASHINGTON — Congressional Republicans are pushing to overhaul the government’s student loan program, as both Democrats and the GOP blame each other for letting interest rates on the subsidized loans double last Monday.

In the weekly Republican radio address Saturday, congresswoman Lynn Jenkins of Kansas is pressing Senate Democrats to act on legislation that ties the rate to the financial markets, similar to a proposal from President Barack Obama. Senate Democrats unsuccessfully sought a two-year extension of the current 3.4 percent rate.

RELATED: Student Loan Interest Rates Double Without Congress’ Action

Jenkins tells students they deserve a more fair approach, one free of politics that allows students to take advantage of lower rates and have more peace of mind.

The White House predicts a deal will be reached before students return to school from their summer break.

Obama commemorated Independence Day when he delivered his weekly address Thursday.

Follow WNEW on Twitter.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,651 other followers