Redding
90° F
Clear
Clear
Red Bluff
88° F
Clear
Clear
Chico
90° F
Clear
Clear
Advertisement

AP: Senators reach bipartisan student loan deal

Published On: Jul 17 2013 07:08:26 PM CDT
Updated On: Jul 18 2013 05:09:18 AM CDT
college classroom lecture hall

iStock/VM

WASHINGTON (CNN) -

Senators on both sides of the aisle struck a deal Wednesday to restore lower interest rates for student borrowers this fall, The Associated Press reported.

A vote on the deal could come as early as Thursday, the wire service said.

Students would be offered lower rates through the 2015 academic year, but then rates were expected to rise, the AP reported.