Quantcast

Sanders criticizes student loan compromise plan - WCAX.COM Local Vermont News, Weather and Sports-

Sanders criticizes student loan compromise plan

Posted: Updated:
WASHINGTON -

The White House is urging Congress to quickly pass a bipartisan compromise on student loans.

The deal would offer lower interest rates for the next few years.

The White House says some 11 million students, including about 28,000 in Vermont, will be able to lock in rates under 4 percent. But the compromise plan would tie future rates to financial markets. And critics, including Vermont Senator Bernie Sanders, say future rates are likely to approach 10 percent.

Sanders says the Obama administration is being disingenuous and trying to sweep those big increases under the rug.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.