Senators hope for student loan deal soon as rate doubles
July 10th, 2013
06:00 PM ET
1 year ago

Senators hope for student loan deal soon as rate doubles

Washington (CNN) - A Democratic measure to temporarily reverse the doubling of interest rates on millions of government-backed student loans fell short in the U.S. Senate on Wednesday, but there was hope a bipartisan deal would be struck soon to remedy the situation.

"We're trying to find some common ground," said Sen. Richard Durbin of Illinois, the No. 2 Democratic leader who spearheaded fresh talks on the dispute. "We don't have an agreement and I can't say when or if we'll come together."

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Filed under: Education
soundoff (264 Responses)
  1. Andrew

    Those old white rich men certainly do hate the young.

    July 10, 2013 01:12 pm at 1:12 pm |
  2. Paul in NH

    why does it take 60 votes in the Senate to get anything done? Talk about obstruction – even with a majority the Dems can't act on bills they propose

    July 10, 2013 01:14 pm at 1:14 pm |
  3. JOSH P.

    We have money to bribe other Nations to keep peace treaty with some nation in the Middle East,but are doubling Student loan rates in this country.

    July 10, 2013 01:14 pm at 1:14 pm |
  4. Jim

    GOP strikes again!

    July 10, 2013 01:14 pm at 1:14 pm |
  5. Boomer in Mo

    It may pass in some form in the Senate. It will be DOA in the House like everything else. We should rename it the House of NO, NO, NO! A thousand times NO!

    July 10, 2013 01:15 pm at 1:15 pm |
  6. rosie

    Hey, it's only peoples money. Who cares?

    July 10, 2013 01:15 pm at 1:15 pm |
  7. Chip Davis

    Of course they wouldn't take this up. It would require these fat cats to actually do their job!

    July 10, 2013 01:15 pm at 1:15 pm |
  8. vIC

    Way to go idiots...do these politicians even care about people anymore?

    July 10, 2013 01:16 pm at 1:16 pm |
  9. Chip Davis

    We pay these congressmen/Senators to do what, exactly?

    July 10, 2013 01:16 pm at 1:16 pm |
  10. Namejoe

    More dumbing down of the USA. keeping education out of reach.

    July 10, 2013 01:16 pm at 1:16 pm |
  11. biglio

    Why in the world do we need 60 votes on everything and anything?
    GOPers are the minority, nonetheless they keep acting and have the power of a majority, this nonsense needs to finish once and for all......

    July 10, 2013 01:16 pm at 1:16 pm |
  12. Grinning Libber

    Time to eliminate the undemocratic 60 vote rule.

    July 10, 2013 01:17 pm at 1:17 pm |
  13. DAT

    Of course they did. Mustn't let the hoi polloi get an education. Dangerous for 1%.

    July 10, 2013 01:17 pm at 1:17 pm |
  14. America Suckered Again

    Wise choice. This artificial low rate only encourages inefficiencies and higher costs in the schools. Rising costs are the problem, not high interest rates!

    July 10, 2013 01:17 pm at 1:17 pm |
  15. Paul

    Ever mention how much I HATE HATE HATE Harry Reid. He is compltely useless. We have the majority, but this is filibustered. Stop being useless Harry. Why does this guy keep getting elected?

    July 10, 2013 01:17 pm at 1:17 pm |
  16. rs

    ANOTHER Republican filibuster. The obstructionist party rides on!

    July 10, 2013 01:17 pm at 1:17 pm |
  17. LGTV

    We are talking about raising rates for those that get subsidized loans. Most of us were already paying the 6.8% because we have unsubsidized loans. I see no problem with the subsidized folks paying more after college since the taxpayers paid their interest while they were in college.

    July 10, 2013 01:17 pm at 1:17 pm |
  18. Chip Davis

    These "people" should be charged with treason. They do not serve the interests of the people of the US.

    July 10, 2013 01:18 pm at 1:18 pm |
  19. Jon

    Our government at its finest....

    We have a citizenry that is increasingly falling behind the rest of the industrialized world. We already have outrageous costs associated with higher education. Yet still, everyone thinks its a great idea to milk these kids for all they've got, even before they have a chance to make any real money to pay it off.

    They start their adult life in so much debt that they can barely get out of it without killing themselves. What kind of a system is this??? All our government does is add to the problem.

    July 10, 2013 01:18 pm at 1:18 pm |
  20. Jan

    Again, no help for the middle.

    July 10, 2013 01:18 pm at 1:18 pm |
  21. DAT

    @rosie – They're called "loans" for a reason, ya know?

    July 10, 2013 01:18 pm at 1:18 pm |
  22. Terry

    I am not surprised! Seriously, why shouldn't my student loans rate be the same as the banks who borrow from the FED. Completely ridiculous!!

    July 10, 2013 01:18 pm at 1:18 pm |
  23. AZ Girl

    Our legislators ALL of them completely disgust me. Bet if it was a bill that helped Exxon, Chase, GE, or any other corporations or themselves or PACs, it would have cleared no problem! All of them should be ashamed of themselves.

    I really hope Karma truly exists.

    July 10, 2013 01:18 pm at 1:18 pm |
  24. Webba

    If any of you bothered to actually look into the facts on this issue you would see that the Repubs and OBAMA are in agreement on how to fix this issue and the Democrats have a different idea. THAT is why this did not get through today. So I guess some of you need to also include your savior Obama in your uninformed rants.

    July 10, 2013 01:19 pm at 1:19 pm |
  25. fish

    so it's okay to do low rate loans to banks but to our future it's not okay....what a bunch of garbage!

    July 10, 2013 01:19 pm at 1:19 pm |
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