Student Loan Interest Bill Slated For House Vote

Law360, New York (April 25, 2012, 8:46 PM EDT) -- The U.S. House of Representatives will vote on a bill Friday that would extend current student loan rates for one year using money from a “slush fund” in the president’s health care law, Speaker of the House John Boehner, R-Ohio, said Wednesday.

Boehner made the announcement in response to President Barack Obama’s recent statements made during a campaign tour calling on Congress to make a move on federal student Stafford loan interest rates before they double from 3.4 percent to 6.8 percent on July 1, 2012....
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