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Thu Jun 27, 2013, 02:09 PM

Congress Likely to Miss Student Loan Deadline

Congress likely to miss student-loan deadline

By NBC's Kasie Hunt and Abigail Williams

The Senate is unlikely to strike a deal to prevent student loan rates from rising on July 1.

On Thursday, two groups of senators -- one a bipartisan group that includes Sens. Joe Manchin (D-WV) and Tom Coburn (R-OK), the other of just Democrats -- planned to release proposals to prevent rates from doubling from 3.4 percent to 6.8 percent while Congress is taking a vacation for the July 4 holiday.

This makes me mad since I think this issue is one of major importance.

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