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Congress should prevent the loan rate hike and pay for it by targeting the very root of this increase - a provision in the 2010 federal health care law that raids student aid to the tune of $9 billion in order to "pay for" other parts of ObamaCare. Since this problem is of President Obama's own making, we should clean up this latest ObamaCare mess by ending this slush fund and applying the savings to prevent the upcoming rate increase.

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THE interest rate on the popular Stafford federal student loan program is set to double in July, after the Senate could not reach agreement on Tuesday on a way to keep the rate at 3.4 percent. President Obama has blamed Republican obstruction for the looming rate increase; Mitt Romney says the lower rate should be extended but hasn't specified how to pay for it.

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Senate Republicans gave a thumbs down to a Democratic plan that would have frozen interest rates for 7.4 million students taking out new federally subsidized Stafford loans.

The Senate failed Tuesday to advance a bill to keep federally subsidized college student loan rates lower for another year, prolonging debate on an issue that has emerged as an election-year flashpoint

President Obama begins an all-out push on Friday to get Congress to extend the low interest rate on federal student loans, White House officials said, an effort that is likely to become a heated battle along party lines.