Senate Breaking News: Senate Fails to Keep Student Loan Rates Low

wochit politics
July 10, 2013 AT 4:10 PM
An effort to restore lower interest rates on student loans has failed in the Senate. The White House and most Senate Democrats favored restoring interest rates on subsidized Stafford loans to 3.4 percent for another year. But lawmakers were unable to muster the necessary 60 votes to overcome a procedural hurdle.