Senate shuts down student-loan vote

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Senate shuts down student-loan vote

Without action, interest rates will double for fall
Prospective students tour Georgetown University’s campus in Washington. Wednesday’s defeat of a student-loan bill in the Senate 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.

Senate shuts down student-loan vote

Prospective students tour Georgetown University’s campus in Washington. Wednesday’s defeat of a student-loan bill in the Senate 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.
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