Deadline Near With No Deal on Loan Rates for Students

Barring a last-minute breakthrough, 7.4 million university students will see rates on their federal Stafford loans jump to 6.8 percent from 3.4 percent on July 1. “I hope that people start looking at truly compromising and working on something that fixes it,” said Senator Joe Manchin III of West Virginia, whose conciliatory proposal was shot down Wednesday by fellow Democrats, including Majority Leader Harry Reid. “You’ve got rates going up to 6.8 percent. That’s unfathomable, and it

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