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Obama: Student loan increase like $1,000 tax hike

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WASHINGTON (AP) — President Barack Obama on Friday urged Congress to prevent student loan rates from doubling in a month, prompting a fight with House Republicans who accused him of playing politics instead of sitting down to work out small differences and avoid an increase. Interest rates on new subsidized Stafford loans are set to go from 3.4 percent to 6.8 percent on July 1. Lawmakers from...

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