Pressure on Senate Democrats to stop an imminent student loan rate hike and accept long-term reform continues to grow, but will they budge? Will President Obama step in? Are we closing in on a victory for students and taxpayers? These are the questions of the hour following Republicans’ latest barrage, which began on Thursday when Speaker Boehner sent the president a letter asking him to urge Senate Democrats to agree to a long-term, market-based solution like the one in his budget. Then, “for the third time in as many weeks,” CBS News noted, “Republicans used their weekly address to push Senate Democrats and President Obama to act on federal student loan rates.” In the address, Rep. John Kline, chairman of the House Education & the Workforce Committee, called on the president to show leadership in light of Senate Democrats’ recalcitrance. Because “if I didn’t know any better,” Kline said, “I would say they are content to let rates double.” Amplifying this outcry, more editorial boards have come out in favor of a long-term, market-based solution. College students are also hoping Congress acts soon: one told The Daytona Beach News-Journal that “it’s a shame” Congress hasn’t acted, adding that “we are [...]
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