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Short-Term Fixes

New York Times - Editorial

May 3, 2012

Congress provided only enough money for five years of low-interest rates in 2007. Now that the rates are about to double, both Democrats and Republicans are failing to do the right thing again. Members of Congress from both parties say they want to prevent interest rates on subsidized Stafford student loans from going up in July, but they are fighting over how to pay for a solution. And by proposing quick-fix methods to pay for only a year's worth of loan subsidies, both parties suggest they are not really serious about helping students afford college.

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