Editorials Back GOP’s Market-Based Student Loan Solution, Call on Senate Democrats to Act With just nine days left until student loan rates are set to double, editorial boards are calling on Senate Democrats to pass a solution based on the common ground, market-based approach shared by the president and House Republicans. Here’s a look: “Pegging Interest to a Market Rate … Would Prevent What Has Become a Frustrating Annual Standoff” “The first priority should go to taking control of rates out of the hands of Congress. Pegging interest to a market rate…as President Obama and House Republicans have proposed — would prevent what has become a frustrating annual standoff. Students need more certainty. Only a market-based rate will provide that assurance — and a long-term solution to a complex debate.” (The Boston Globe, 6/21/13) “There’s No Reason Not to Enact a Long-Term Solution on Interest Rates Now” “Republicans are backing a long-term solution that’s similar to one President Obama proposed in his latest budget. … As much as Congress needs to address the bigger picture, there’s no reason not to enact a long-term solution on interest rates now. … [A]s the administration acknowledged earlier this year, tying interest rates to [...]
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