Interest rates on student loans may be going up- that's because so far, Congress can't agree on a measure to avoid the hikes.
Senate Democratic Leader Harry Reid said today a bipartisan agreement being offered is not an acceptable deal. That could block efforts to keep loan interest rates from doubling.
The measure would attach student loans' interest rates to the financial markets. The proposal would set higher interest rates in future years if the economy improves as expected.
It would also allow students to avoid a July 1st rate hike on new loans.
A spokesman for Reid says the senator cannot support that proposal.
Senate Republican leader Mitch McConnell's spokesman says they don't understand why Democrats are blocking a compromise.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Updated: 05/20/2013 - Two weekends left to catch one great show!