Senate student-loan plan collapses over cost, Bloomberg reports

theflyonthewall.com

Senate aides said a deal to move student-loan interest rates to a market-based variable rate instead of fixed rates fell apart after the Congressional Budget Office estimated it would cost $22B over 10 years, reported Bloomberg. The Fly notes First Marblehead (FMD) and Sallie Mae (SLM) are publicly-traded finance companies that focus on education loans.

View Comments (2)