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A bipartisan group of senators (King, Manchin, Burr, and Coburn) is reportedly drafting a bill that would prevent interest rates on Subsidized Stafford loans from doubling on July 1. Their proposal would set market-based interest rates on all newly issued federal student loans. It looks similar to proposals from , , and the . How does the proposal compare to other options for setting rates? We decided to run the numbers.

You can read the full post on our blog.