Senators ready to restore lower college loan rates
WASHINGTON (AP) — Senators are ready to offer students a better deal on their college loans this fall, but future classes could see higher interest rates.
The Senate could vote as early as Thursday on a bipartisan compromise that heads off a costly increase for returning students.
A senior administration official said the White House was deeply involved in the negotiations and supports the agreement as a way to get lower rates now and protect students from future rate increases. The official was not authorized to discuss the negotiations on the record and spoke on condition of anonymity.
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