Tumblr Icon RSS Icon

Senate Leaders Reach Tentative Deal To Prevent Student Loan Interest Rate Hike

Posted on  

"Senate Leaders Reach Tentative Deal To Prevent Student Loan Interest Rate Hike"

Share:

google plus icon

Senate Majority Leader Harry Reid (D-NV) and Minority Leader Mitch McConnell (R-KY) have reached a deal to prevent a scheduled student loan interest rate hike on July 1, according to The Hill. “We basically have the student loan issue worked out,” Reid told reporters today. Final approval of the deal ultimately depends on House Republicans, according to McConnell, who said he and Reid think the deal “will be acceptable to the House.” The extension is likely to be attached to the transportation funding bill that is currently in a House-Senate conference committee.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.