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Debate Grows Over Keeping College Loan Rates Low
Washington lawmakers face July 1 deadline as both parties balk at funding a fix. Obama and Romney back keeping rates, while House Republicans push plans to raise subsidies. The result could affect new subsidized loans for freshmen and total taxpayer costs amid a $1 trillion loan debt landscape.
MENTIONED IN THIS ARTICLE
Washington
Congress
Justin Draeger
National Association of Student Financial Aid Administrators
Barack Obama
House Republicans
Senate Democrats
Terry Hartle
American Council On Education
Budget Committee
Paul Ryan
Lauren Asher
Institute For College Access and Success
House Education Committee
John Kline
Minnesota
George Miller
California
Karen Bass
Senate Health
Tion and Pension Committee
Jason Delisle
Senate Budget Committee
New America Foundation
Federal Budget Project
Congressional Budget Office
Obama
Mitt Romney