Trending In Our News Feeds – Senators closing in on key student loan deal. A bipartisan group of Senators are close to reaching a deal to reform student loan interest rates, according to Senate aides. Politico’s anonymous sources say Senators Angus King (I-Maine), Joe Manchin (D-W.Va.), Richard Burr (R-N.C.), and Tom Coburn (R-Okla.) are the deal’s key negotiators. The deal would tie interest rates to the strength of the economy and lock rates in for the life of the loan. This Senate deal represents the best chance for loan reform before rates double on July 1: The GOP has pushed a deal through the House, but it is unpalatable to Democrats. However, top Democrats have yet to sign off on the Senate deal.
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