HI Clo:
It's not about student loan rates. It's about how to finance them. The usual circle-jerk.
Republicans said they favor preventing the interest rate increase but blocked the Senate from debating the $6 billion measure because they oppose how Democrats would pay for it: Boosting Social Security and Medicare payroll taxes on high-earning stockholders of some privately owned corporations.
The Obama administration on Friday threatened to veto a House Republican bill that would keep the interest rate on federally subsidized student loans low for another year, and pay for it by eliminating a federal preventive health program.
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