Congress headed home for a Fourth of July recess without passing a bill that would prevent interest rates from doubling on federal student loans today. Tompkins County Legislature Chairperson and 23rd Congressional District Candidate Martha Robertson says no compromise in Washington will impact many.
Robertson says Congressman Tom Reed is not telling the whole story when he touts the bill that was passed in the House of Representatives.
Democrats are at odds with one another over the issue. The House of Representatives passed the "Smarter Solutions for Students Act" which is a loan reform plan that would link the student loan interest rates to a market-based rate, with an overall cap of 8.5% to protect student borrowers in the event of significant rate increases.