Student loans eyed by budgeteers

Sen. Mitch McConnell, R-Ky., recently dismissed negotiations among the Senate's 'Gang of Six.'

The White House and key lawmakers are considering reductions in student loan subsidies, farm payments, and support for federal workers’ pensions as they search for cuts that can clear the way for an increase in the national debt limit, according to officials in both parties.

The proposals being floated by both sides of the political spectrum differ over key details, but both would involve having interest on their college loans begin to accrue for at least some college students while they are still in school.

The negotiations are still in the early stages, with no final decisions made, these officials said May 18.…Read More

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