PA Senators split on rising student loan rates

LEHIGH VALLEY MORNING CALL: Pennsylvania’s senators are split on what do to about a key student loan interest rate set to double soon unless Congress intervenes.

Democratic Sen. Bob Casey Jr. backs his party’s plan to extend current rates, affecting subsidized Stafford loans, for two years.

But Republican Sen. Pat Toomey is opposed to an extension — as well as to his own party’s plan, which would tie student loan rates to a variable rate set by the U.S. Treasury… (more)