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Senators make deal on student loan rates, Politico says

Senators appear to have reached a bipartisan deal on student loan rates,according to Politico. The bill, which could be voted on as soon as today, would link rates to Treasury notes, the website stated, citing unnamed Senators and Senate aides. Undergraduate rates would be capped at 8.25% and the ceiling for graduate students' rates would be 9.5%-10.5% under the proposal, the website reported.