House GOP set to curb college student loan costs

WASHINGTON (AP) - House Republican leaders are ready to push legislation holding down interest rates on federal loans to millions of college students.

Friday's expected vote is putting in a bind many Democrats who want to protect those students from higher costs. That's because to cover the bill's $5.9 billion price tag, Republicans would reduce a fund created by President Barack Obama's health care overhaul law, something many Democrats are reluctant to do.

Some Republicans say they are undecided, citing the added costs to taxpayers of keeping the interest rates down.

The tough choices facing lawmakers underscore the political undercurrents buffeting so much of Congress' work this election year. Both sides are eager to use every issue they can to address voters' worries about the economy and other concerns.


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