After failure on student loans, lawmakers eye renewed negotiations to restore lower rates

  • by: PHILIP ELLIOTT , Associated Press
  • Updated: July 10, 2013 - 8:15 PM

WASHINGTON — 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.

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