Potential bipartisan deal on student loans could save govt $8 billion over next decade

  • Article by: PHILIP ELLIOTT , Associated Press
  • Updated: June 20, 2013 - 6:05 PM

WASHINGTON — A handful of senators struggled Thursday to hold together a bipartisan deal to keep student loan rates from doubling on July 1 while their colleagues traded political barbs with little more than a week to go before the deadline.

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elmore1Jun. 21, 13 5:27 AM

If the govt wants to be in the school loan business long term they need to start regulating the colleges just like the credit card industry. The runaway cost of tuition, crushing debt being laid on our kids and lack of meaningful reform in our secondary education institutions are the problems that need to be solved. Quibbling about interest rates is a secondary discussion.

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honeybooJun. 21, 13 9:20 AM

If rates double, universities will finally have to confront their runaway costs. This isn't necessarily a bad thing. Economics 101.

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rulistening9Jun. 21, 1310:14 AM

This doesn't impact colleges/universities. This is adding additional cost to students and parents trying to pay for a college education.

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avejoeconJun. 21, 1310:27 AM

This doesn't impact colleges/universities. This is adding additional cost to students and parents trying to pay for a college education.-------Rather than trying to get into banking industry, the Gov't should be regulating the college expenses. Costs have gone up more than double compared to cost of living increases over the past few decades. THAT is the real problem.

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schmuckJun. 21, 1310:27 AM

Why is the government even charging interest on education loans in the first place? The race to the bottom continues!

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