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>> TOM HARKIN Latest News

JUL 19, 2013 - San Francisco Chronicle

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Compromise would restore lower college loan rates

WASHINGTON (AP) — A compromise deal on student loans that could hold down loan rates in the short term was expected to come to a vote next week, well before students returning to campus this fall have to sign their loan agreements. Moments later, Democratic Sen. Tom Harkin of Iowa, chairman of the Senate Health, Education, Labor and Pensions Committee, said he would revisit the whole agreement this fall, when his panel takes up a rewrite of the Higher Education Act. On Wednesday, the Consumer Financial Protection Bureau estimated outstanding student debt at $1.2 trillion — up 20 percent in ... Read More

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