Deal Reached on Student Loan Interest Rates

Statement from Press Secretary Jay Carney

We’re pleased that the Senate has reached a deal to keep rates low and continue offering hard-working students a fair shot at an affordable education. Higher education has never been more important to getting a good job. That’s why President Obama has made stopping this rate hike and saving 7.4 million students an average of $1,000 a priority since his State of the Union and has repeatedly called on Congress to act. We hope that Congress will complete the legislative process and send a bill to the President as soon as possible.

FTG - Details on the agreement are available here: The Daily Beast