Senate set to finish work on student loan deal

Borrowing for tuition, housing and books would be less expensive for students this fall but the costs would start climbing almost immediately under a deal the Senate was poised to pass Wednesday.
The bipartisan proposal lawmakers were considering would link interest rates on federal student loans to the financial markets, providing lower interest rates right away but higher ones if the economy improves as expected. Senate aides said lawmakers were on track to finish work by late Wednesday afternoon.

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