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Bill to Lower Student Loan Rates Fails in Senate

GOP blocks measure; parties can't agree how to pay for it

By Kevin Spak,  Newser Staff

Posted May 8, 2012 1:25 PM CDT

(Newser) – Hope your federal student loans are paid off, kids, because Washington appears deadlocked over legislation that would prevent their rates from doubling this July. A Senate bill to do so failed in a 52-45 vote along party lines today, failing to get the 60 votes...   Read full story »

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