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House to take up Kline bill on student-loan interest rates

WASHINGTON — With a hard deadline just weeks away, John Kline thinks there’s room for a deal with the White House on student loans.

Occupy Wall Street demonstrators wearing signs around their neck representing their student debt during a protest in Union Square in 2012.
REUTERS/Andrew Burton
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“We look forward to working with members of both parties in the House and Senate to reach a solution that will prevent the doubling of rates and will keep college affordable for students and families now and in the future,” she said.

  • 2.5 percent for subsidized and unsubsidized Stafford Loans, with a cap at 8.5 percent (current rates are 3.4 percent and 6.8 percent respectively);
  • And 4.5 percent for graduate and Parent PLUS loans, capped at 10.5 percent (the current rate is 7.9 percent).
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