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arely staircase

(12,482 posts)
Wed Jul 10, 2013, 05:57 PM Jul 2013

Republicans Essentialy Vote to Double Interest on Student Loans [View all]

Senate Democrats' one-year student loan fix was filibustered Wednesday, with 51 senators voting to move forward with it and 49 senators voting to block it.

The measure would have reverted student loan interest rates to 3.4 percent for one year after they doubled for new loans last week. It would have been funded by scaling back a tax loophole for individual retirement accounts (IRAs) that mostly benefits high earners.

http://livewire.talkingpointsmemo.com/entry/senate-dems-student-loan-plan-fails-due-to?ref=fpb

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