Arizona - President Barack Obama finalized with the laws Saturday a measure repairing down interest levels to own student loans, pledging the hard-battled give up was just the first rung on the ladder in the a greater, concerted battle so you can rein on the can cost you regarding a degree.
"Feels very good signing expense. I have not done so during the a while," Obama said, alluding towards the complications he could be encountered getting Congress, particularly the Republican-controlled Domestic, to help you approve their legislative goals, instance gun control and you will funds sale.
But even the getting-a good moment within White Domestic came with reminders of your bitter partisanship that still renders upcoming selling incredibly hard for Obama. Domestic Speaker John Boehner, R-Kansas, called the rules part of the "Republican efforts package," whenever you are Domestic Popular frontrunner Nancy Pelosi from California told you it "really stands for the stark examine on House Republicans' decide to seat family members with billions more for the student personal debt."
The fresh uncommon lose came up simply just after a frenzy off summer deals, which have lawmakers on potential more than exactly how loan pricing can be place afterwards even as they decided one to an effective doubling of cost - they kicked from inside the July step 1 when Congress failed to work just before the due date - is bad policy and not so great news for students.
