January 12, 2007
Democrats' Plan to Slash the Interest Rate for Student Loans Draws Criticism
Some experts say the proposal would not help the neediest students
In the run-up to the Congressional elections last fall, one of the top campaign promises made by leaders of the Democratic Party was to halve the interest rate on federal student loans. But now that the Democrats have taken control of Congress, they may find it more difficult than they expected to fulfill their pledge.
The Democrats have an uphill battle, in part, because the plan — despite being
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