July 11, 2013

Senators close in on plan to lower student loan cost

Lawmakers hope to strike a deal to keep interest rates low, but Democrats can't muster 60 votes for the current proposal to overcome a Republican filibuster.

By Kevin Miller kmiller@pressherald.com
Staff Writer

(Continued from page 1)

click image to enlarge

Maine Sen. Angus King and other senators rush to the floor on Wednesday for a vote to end debate on the Democrats' plan to restore lower interest rates on student loans one week after Congress' inaction caused those rates to double.

The Associated Press

click image to enlarge

Prospective students tour Georgetown University's campus in Washington, Wednesday, July 10, 2013. The defeat of a student loan bill in the Senate on Wednesday clears the way for fresh negotiations to restore lower rates, but lawmakers are racing the clock before millions of students return to campus next month to find borrowing terms twice as high as when school let out. (AP Photo/Jacquelyn Martin)

Additional Photos Below

Were you interviewed for this story? If so, please fill out our accuracy form

Send question/comment to the editors


Additional Photos

click image to enlarge

Senate Finance Committee Chairman Sen. Max Baucus, D-Mont., left, and Sen. Bill Nelson, D-Fla., right, join other senators in the rush to the Senate floor on Capitol in Washington, Wednesday, July 10, 2013, for a vote to end debate on the Democrats' plan to restore lower interest rates on student loans one week after Congress' inaction caused those rates to double. The White House and most Senate Democrats favored restoring interest rates on subsidized Stafford loans to 3.4 percent for another year, but lawmakers failed to muster the necessary 60 votes to overcome a procedural hurdle. (AP Photo/J. Scott Applewhite)

  


Further Discussion

Here at PressHerald.com we value our readers and are committed to growing our community by encouraging you to add to the discussion. To ensure conscientious dialogue we have implemented a strict no-bullying policy. To participate, you must follow our Terms of Use.

Questions about the article? Add them below and we’ll try to answer them or do a follow-up post as soon as we can. Technical problems? Email them to us with an exact description of the problem. Make sure to include:
  • Type of computer or mobile device your are using
  • Exact operating system and browser you are viewing the site on (TIP: You can easily determine your operating system here.)