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Rate spike a hard lesson on loans

June 28, 2013

As unfortunately happens in Washington, facts are often sacrificed as politics prevails. With regard to the debate on student loans, there are three facts people need to know: 1) Congress has until the end of June to prevent an interest rate spike; 2) the House of Representatives passed legislation last month to prevent this spike and provide lower rates to a majority of recipients and; 3) the Senate has failed to pass any legislation that would prevent the rate spike. We are now calling on the Senate to act to help us protect students.



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