Student Loan Bill Passes The House

7:07 AM, May 24, 2013   |    comments
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WASHINGTON (WUSA9) -- The House has approved a student loan measure that has been the subject of a fight on Capitol Hill.

The Republican proposal would link student loan rates to the financial markets.  The measure would avoid a rate increase on new subsidized Stafford loans.

Millions of college students would see their federal loan rates double this year, unless Congress acts by July 1.

But the bill is expected to see a tough fight in the Senate and faces a veto threat from the White House.

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