Skip to main content
Advertising

Originally published June 19, 2013 at 9:50 AM | Page modified June 19, 2013 at 9:51 AM

  • Share:
           
  • Comments (0)
  • Print

Bipartisan proposal on student loans circulating

A bipartisan group of senators is floating a proposal that would avoid the doubling of rates on student loans on July 1.

Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

WASHINGTON —

A bipartisan group of senators is floating a proposal that would avoid the doubling of rates on student loans on July 1.

A document being circulated on Capitol Hill outlines a possible compromise that links student loan rates to the financial markets, a provision that was included in President Barack Obama's budget, as well as House and Senate Republicans' proposals.

The potential breakthrough, after months of stalemate, could help students dodge an extra $1,000 each year in costs for loans taken for classes this fall.

The bipartisan effort is led by Democratic Sen. Joe Manchin of West Virginia, Republican Sen. Tom Coburn of Oklahoma and Independent Sen. Angus King of Maine.

Party-line proposals on student loans failed in the Senate last week.

News where, when and how you want it

Email Icon

Subscribe today!

Subscribe today!

Get 8 weeks of digital access to The Seattle Times for $1

Advertising

Partner Video

Advertising


Advertising
The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►