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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
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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.

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Andres Araiza

KUT NEWS

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