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senate reaches student loan deal june 26 2012

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US Senate reaches deal on student loans
The Senate reached a deal on student loans ahead of the July 1 deadline, which would have seen interest rates doubling.
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senate reaches student loan deal june 26 2012

The Senate announced on June 26, 2012 that it had reached a deal to prevent student loan interest rates from doubling on July 1. The House will need to weigh in on the bill.

Christopher Furlong
AFP/Getty Images