Skip to main content

Student Loan Bill Blocked Amid Fight Over Interest Rates

Tension between Senate Democrats on Wednesday led to the demise of federal legislation that would lower interest rates on student loans. A competing plan to tie interest rates to financial markets also failed to muster enough support.

by Andres Araiza, KUT News
Republish
U.S. Sen. John Cornyn, R-Texas, in the House chamber of the Texas Capitol
U.S. Sen. John Cornyn in the House chamber of the Texas Capitol Credit: Caleb Bryant Miller

Tension between Senate Democrats on Wednesday led to the demise of federal legislation that would lower interest rates on student loans. A competing plan to tie interest rates to financial markets also failed to muster enough support.

Texas Tribune donors or members may be quoted or mentioned in our stories, or may be the subject of them. For a complete list of contributors, click here.

Texans need truth. Help us report it.

Independent Texas reporting needs your support. The Texas Tribune delivers fact-based journalism for Texans, by Texans — and our community of members, the readers who donate, make our work possible. Help us bring you and millions of others in-depth news and information. Will you support our nonprofit newsroom with a donation of any amount?

Yes, I'll donate today

Information about the authors

Andres Araiza

KUT NEWS

Learn more about our publishing partners

Learn about The Texas Tribune’s policies, including our partnership with The Trust Project to increase transparency in news.

Explore related story topics