Student Loan Bill In Sight

An agreement between Democratic and Republican Senators on a bill to link student loan increases with treasury bonds is thought to be passed July 1st. The rates are due to jump from 3.4 to 6.8 in July, and “[The deal is] sort of a middle ground between the Republican one and the White House,” said one Senate aide. The House has already passed a bill that deals with this upcoming problem. According to Ginger Gibson and Burgess Everett reporting for Politico, “They got good news on Thursday afternoon: The legislation they have drafted would reduce the federal deficit by $8.6 billion over 10 years, according to the Congressional Budget Office. The bill will likely be tweaked further after receiving the CBO score so as to make it deficit neutral, according to a Senate aide.” To read more, please visit http://www.politico.com/story/2013/06/senators-close-to-student-loan-deal-93130.html?hp=l3