The New York Times reports that on Friday, House Democrats revealed a bill that would cut interest rates on federally subsidized loans to college students. The bill would slash rates by 50 percent over the next five years. The House Democrats said that the 6 billion-dollar plan would be financed by increasing the costs lenders pay to the government and also by reducing the amount of profits guaranteed to the lenders. The new bill is one of several steps in the Democrat's efforts to solidify backing among middle-class voters......
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