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Harry Reid slams Republicans over student loan rate hike

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Senate Majority Leader Harry Reid on Tuesday amped up the blame game over the rate doubling for government-subsidized student loans, pinning the problem on Republican “obstruction.” The interest rates for new federal Stafford loans jumped to 6.8 percent on July 1 from 3.4 percent after Congress failed to agree on a plan to keep the rates from rising. The Nevada Democrat wants a one-year...

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