WASHINGTON (AP) — Congressional Republicans are pushing to overhaul the government’s student loan program, as both Democrats and the GOP blame each other for letting interest rates on the subsidized loans double last Monday.In the weekly Republican radio address Saturday, congresswoman Lynn Jenkins of Kansas is pressing Senate Democrats to act on legislation that ties the rate to the financial markets, similar to a proposal from President Barack Obama. Senate Democrats unsuccessfully sought a two-year extension of the current 3.4 percent rate.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=87228