Student loan deal emerges in Senate
July 11th, 2013
05:17 PM ET
9 months ago

Student loan deal emerges in Senate

Washington (CNNMoney) – A bipartisan group of senators has reached a tentative deal to help students facing a doubling of interest rates to 6.8% on government-backed student loans.

The deal, which would have to pass a Senate vote, calls for interest rates on all government Stafford loans for students to be pegged to rates on the 10-year U.S. Treasury note, according to multiple sources close to the negotiations.

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Filed under: Education • Senate