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Senate set to finish work on student loan deal
San Francisco Chronicle: WASHINGTON (AP) — Lower interest rates on all student loans are in sight.
The Senate was set to take up a bill Wednesday that would link interest rates to the financial markets, providing lower rates for all college students this fall but perhaps prescribing higher rates in the years ahead. Critics, including liberal Democrats and student groups, call the White House-backed proposal a bait-and-switch measure that would cost future students.
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