Student-loan interest rate funding divides lawmakers

04/29/2012 | Roll Call (free content) · Washington Post, The

The U.S. House approved a bill that would pay the cost of a 12-month extension of the 3.4% interest rate on student loans from a health care fund. President Barack Obama, who supports the extension, has threatened to veto the House bill because of its funding source, and Senate Democrats are pushing an alternative funding source. Still, House Speaker John Boehner said he expects Congress to find an accord on the rate extension.

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Roll Call (free content) · Washington Post, The

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