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Harry Reid OKs plan to lower student loan rates

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The Senate has struck a deal that lets college students avoid higher interest rates on federal loans, ending a weeks-long standoff between Majority Leader Harry Reid, D-Nev., and members of his own party. After several days of closed door meetings, a bipartisan group of eight senators on Thursday afternoon introduced a proposal that links interest rates to the 10-year Treasury note. The setup...

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