Student Loan Rates Near Congressional Action

Dems argue over bill to reduce student loan rates – by Kathryn Baron

Posted: 23 Jul 2013 04:35 PM PDT

A compromise bill in Congress could reverse the doubling of student loan interest rates that took effect at the beginning of the month, saving California students an average of $1,565 in loan repayments. President Barack Obama and Education Secretary Arne Duncan are lobbying hard for lawmakers to approve Senate Bill 1334, dubbed the Bipartisan Student Loan Certainty Act of 2013, as quickly as…