Republicans in Senate Block Bill on Student Loan Rates

SPONSOR: AMERICAN NEGOTIATORS  972-200-1187 866-865-3977   www.savedfromdebt.com Senate Republicans on Tuesday blocked consideration of a Democratic bill to prevent the doubling of some student loan interest rates, leaving the legislation in limbo less than two months before rates on subsidized federal loans are set to shoot upward.  Democrats arrayed college students to plead for a yes vote. The bill was blocked on party lines. Along party lines, the Senate voted 52 to 45 on a key procedural motion, failing to reach the 60 votes needed to begin debating the measure. Senator Olympia J. Snowe, the moderate Republican from Maine who is retiring, voted present. http://www.nytimes.com/2012/05/09/us/politics/senate-republicans-block-bill-on-student-loan-rates.html