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www.wmfd.com - The U.S. Senate Wednesday failed to move forward on a plan to restore lower interest rates on student loans. }}" />

   
 
 
Senate Votes Down Student Loan Measure

Story By: Larry Stine

 

 

 
 
 
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  Original Published: 7/11/2013  The U.S. Senate Wednesday failed to move forward on a plan to restore lower interest rates on student loans.   The vote was 51 to 49, short of the 60 votes needed to advance the measure.   The Democratic bill would have held interest rates on subsidized Stafford loans at 3.4 percent for a year.    Rates doubled to 6.8 percent on July 1.   Negotiations continue on a compromise that would hold off on new loan rates for this year.
   
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