Senate Votes to End Fixed Student-Loan Rates

Senate Votes to End Fixed Student-Loan Rates Play

July 24 (Bloomberg) -- The U.S. Senate voted 81-18 today to replace fixed interest rates on federal loans with variable rates that will rise or fall annually according to the yield on 10-year Treasury notes. Senator Richard Blumenthal, a Democrat from Connecticut, reads the results of the vote. (Excerpt. Source: Bloomberg)

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