Student loan bill signed by Obama
Dive Summary:
- President Barack Obama signed Congress' student loan deal into law Friday.
- The deal restores lower interest rates on federal student loans for millions of student borrowers.
- Those same borrowers could end up paying more in the future, since the bill also ties interest rates to the financial markets.
From the article:
... Friday's Oval Office ceremony caps a frenzy of negotiations that led to a rare bipartisan compromise to lower rates before classes resume. ...
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