Senators ready to restore lower college loan rates

A bipartisan group of senators is announcing a deal that lets students dodge higher interest rates when they go back to campus this fall.

The group on Thursday told reporters they have reached a compromise that lowers the rates for all students who borrow from the federal government. The rates would be linked to financial markets, meaning interest rates would climb in coming years.

Thursday, July 18, 2013 - 10:50am