Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
October 9, 2015

Student Loans Deal Waits for Amendment Votes

(Tom Williams/CQ Roll Call File Photo)

(Tom Williams/CQ Roll Call File Photo)

The Senate’s bipartisan student loan compromise remains on track for passage, but movement will wait for next week, along with votes on alternatives that seem certain to fail.

Sen. Elizabeth Warren, D-Mass., expressed frustration with the compromise that’s now expected to hit the Senate floor next week, noting prior proposals offered by Democrats wouldn’t have raised interest rates.

“All three proposals had two features in common: They cut costs for students, and they gave us some short-term breathing room to take on bigger problems, including how to refinance $1 trillion in outstanding student loan debt and how to reduce the overall costs of college for all of our students. When we brought the last two proposals to a vote, they won by a majority, but they didn’t pass because the Republicans filibustered both bills,” Warren said. “We could have kept rates low, but the Republicans, every single one of them, voted to block that.”

Majority Whip Richard J. Durbin came to the floor right after Warren and gave a peek at the way forward, which could include votes on amendments offered by Sens. Jack Reed, D-R.I., and Bernard Sanders, I-Vt. Neither of those would have enough support for adoption, and the Senate would then move to the compromise bill.

“Paying for college is tough and this legislation, I think, unfortunately could make it tougher because it would put in a permanent structure for setting student loan interest rates that could quickly result in students and parents paying more for student loans,” Reed said in announcing his opposition to the compromise worked out by a bipartisan group of senators.

“This is not a temporary fix to get us to a better place in terms of incentives for tuition, in terms of refinancing, in terms of letting students more actively and more affordably pursue college education.”

A few Democratic caucus members opposed the idea of a stopgap patch, however.

Durbin, an Illinois Democrat, said that he had recently spoken to President Barack Obama and that he knew the president planned to put forward a proposal dealing more broadly with college education costs.

Meetings to work out the bipartisan plan, which Durbin supports, took place in his leadership office on the third floor of the Capitol. He pushed his colleagues to take a realistic view and ultimately let the deal go forward.

“He doesn’t like the choices we’re faced with but he wants to keep interest rates below 6.8 percent, if we can. The bipartisan approach keeps them below 6.8 percent,” Durbin said. “Voting against it means that students for the next four years will pay higher interest rates on their student loans than they have to. So I would encourage my colleagues, don’t dismiss the bipartisan plan.”

Some outside liberal groups, including the Progressive Change Campaign Committee, are joining in criticizing the compromise announced Wednesday night that is on track for Senate passage next week.

“The Senate proposal on student loans treats students like an ATM,” PCCC co-founder Stephanie Taylor said in a statement. “Rates will go up to 8.25% for undergraduates and 9.5% for graduates under the deal — which is higher than if the Senate did nothing. Instead of pummeling students, Congress should listen to the more than 1,200 professors who support Sen. Warren’s bill and lower rates for students.”

Nonetheless, it is Durbin’s job as Democratic whip to count the votes.

“There are some who want to hold out for something different. I’d like to join them, but I’ve watched the votes here. The senator from Massachusetts and I both voted the same way. We voted with Sen. Jack Reed, let’s keep that rate at 3.4 percent, and we lost. Them he came back and said, wait a minute, let’s try it again, and we lost. Now he’s going to propose a 6.8 percent cap, which I can vote for, and we will lose again.” Durbin said. “Then you face the reality. Are you going to say at that point, I don’t want to talk about … this anymore, I just want to go home, that’s the end of the story? Students, pay 6.8 percent … we couldn’t solve it? Or do you accept this bipartisan compromise which brings the rates down for the next four years below 6.8 percent? I think that’s a pretty easy choice.”

Comments (95)

Leave a Comment

Your email address will not be published.

author email

  1. El Puma

    July 18, 2013
    7:43 p.m.

    Here is another example of a battle that should not even be occurring. It is not clear how ever – ballooning defense spending is justified, but keeping student loan rates low is not. A well educated nation is a wealthy nation.

    • DHFabian

      July 19, 2013
      10:42 a.m.

      Without broad access to higher education, the US will no longer be able to compete whatsoever in the world market. This guarantees the collapse of the economy and of the nation itself, opening the door for a new form of government that is openly owned by corporate powers.

  2. DHFabian

    July 19, 2013
    10:37 a.m.

    If you look at the bigger picture, it gets even scarier. Bill Clinton ended the entitlement to poverty relief (for Americans) and established super-cheap workfare replacement labor, replacing other workers at a fraction of the wages. Add in prison labor, etc., doing work subcontracted from companies that would otherwise have to pay a living wage. NAFTA is helping to cover the costs of shipping our manufacturing jobs out. New jobs tend to be in the poverty-wage category, with a much smaller number of high-paying jobs for the privileged, and fewer and fewer in between. Workers’ rights and protections continue to be pared away. If this continues, we’ll have a society like a bee colony, with a handful of rulers and millions of entirely disposable worker bees.

  3. Anonymous

    July 7, 2015
    8:02 a.m.

    Hello there! I know this is kinda off topic however I’d figured I’d ask. Would you be interested in trading links or maybe guest writing a blog article or vice-versa? My site discusses a lot of the same topics as yours and I think we could greatly benefit from each other. If you might be interested feel free to send me an e-mail. I look forward to hearing from you! Awesome blog by the way!

  4. Anonymous

    July 9, 2015
    6:19 a.m.

    I?¦ve recently started a site, the information you provide on this website has helped me tremendously. Thanks for all of your time & work.

  5. Anonymous

    July 11, 2015
    10:22 a.m.

    I needed to draft you this very little observation so as to say thanks once again on your nice opinions you have documented above. It was incredibly generous with you to provide extensively precisely what a lot of people might have offered as an e-book to help make some dough for themselves, principally considering that you could possibly have tried it in the event you desired. The tips in addition acted as the good way to realize that most people have the same dream the same as my very own to figure out way more in respect of this matter. I’m sure there are millions of more fun opportunities ahead for individuals that looked at your site.

  6. Anonymous

    July 12, 2015
    2:39 p.m.

    Excellent goods from you, man. I’ve understand your stuff previous to and you’re just too great. I actually like what you’ve acquired here, really like what you’re stating and the way in which you say it. You make it enjoyable and you still care for to keep it wise. I cant wait to read much more from you. This is actually a wonderful site.

  7. Anonymous

    July 13, 2015
    3:29 p.m.

    Hello there, I found your website via Google while searching for a related topic, your web site came up, it looks good. I have bookmarked it in my google bookmarks.

  8. Anonymous

    July 13, 2015
    3:41 p.m.

    I really like your writing style, great information, thanks for putting up :D. “Your central self is totally untouched By grief, confusion, desperation.” by Vernon Howard.

  9. Anonymous

    July 13, 2015
    7:01 p.m.

    Does your site have a contact page? I’m having problems locating it but, I’d like to send you an email. I’ve got some ideas for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it improve over time.

  10. Anonymous

    July 13, 2015
    8:38 p.m.

    What i don’t understood is in fact how you’re no longer actually much more neatly-favored than you might be right now. You’re very intelligent. You recognize therefore considerably in the case of this topic, produced me individually believe it from so many numerous angles. Its like women and men don’t seem to be involved unless it is one thing to accomplish with Lady gaga! Your personal stuffs great. At all times care for it up!

  11. Anonymous

    July 14, 2015
    1:06 a.m.

    I love it when people come together and share opinions, great blog, keep it up.

  12. Anonymous

    July 14, 2015
    2:07 a.m.

    Well I definitely liked studying it. This post provided by you is very helpful for correct planning.

  13. Anonymous

    July 14, 2015
    2:38 a.m.

    Good write-up, I am regular visitor of one’s website, maintain up the excellent operate, and It is going to be a regular visitor for a lengthy time.

  14. Anonymous

    July 17, 2015
    7:41 a.m.

    You actually make it appear really easy with your presentation however I to find this matter to be actually one thing which I believe I’d by no means understand. It kind of feels too complicated and very extensive for me. I’m looking ahead for your subsequent publish, I will try to get the cling of it!

  15. Anonymous

    July 17, 2015
    8:04 a.m.

    I conceive you have mentioned some very interesting points, thankyou for the post.

  16. Anonymous

    July 18, 2015
    1:59 a.m.

    Hey there, I think your blog might be having browser compatibility issues. When I look at your blog site in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, very good blog!

  17. Anonymous

    July 18, 2015
    8:50 a.m.

    I’m still learning from you, while I’m trying to reach my goals. I definitely love reading all that is written on your site.Keep the aarticles coming. I loved it!

  18. Anonymous

    July 20, 2015
    3:42 p.m.

  19. Anonymous

    July 20, 2015
    8:51 p.m.

    Really nice design and great written content, hardly anything else we need : D.

  20. Anonymous

    July 21, 2015
    1:39 a.m.

    Enjoyed looking through this, very good stuff, regards. “All of our dreams can come true — if we have the courage to pursue them.” by Walt Disney.

  21. Anonymous

    July 21, 2015
    2:53 a.m.

    Great write-up, I’m regular visitor of one’s blog, maintain up the excellent operate, and It is going to be a regular visitor for a long time.

  22. Anonymous

    July 24, 2015
    6:29 a.m.

    I love it when people come together and share opinions, great blog, keep it up.

  23. Anonymous

    July 24, 2015
    7:49 a.m.

    Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your website and take the feeds also…I am happy to find so many useful info here in the post, we need develop more strategies in this regard, thanks for sharing. . . . . .

  24. Anonymous

    July 24, 2015
    10:20 p.m.

    I believe this internet site has got very great indited subject matter content.

  25. Anonymous

    July 25, 2015
    8:35 a.m.

    I have read several just right stuff here. Certainly price bookmarking for revisiting. I surprise how much effort you put to create any such magnificent informative site.

  26. Anonymous

    July 25, 2015
    9:57 a.m.

    Woah! I’m really enjoying the template/theme of this site. It’s simple, yet effective. A lot of times it’s very hard to get that “perfect balance” between usability and appearance. I must say you’ve done a superb job with this. In addition, the blog loads extremely quick for me on Firefox. Excellent Blog!

  27. Anonymous

    July 25, 2015
    7:26 p.m.

    Hi my loved one! I wish to say that this article is amazing, nice written and include almost all vital infos. I¦d like to see more posts like this .

  28. Anonymous

    July 25, 2015
    11:35 p.m.

    I¦ve recently started a web site, the information you provide on this site has helped me tremendously. Thanks for all of your time & work.

  29. Anonymous

    July 28, 2015
    4:25 p.m.

    Hi, Neat post. There is a problem along with your web site in web explorer, could check this… IE still is the market chief and a big component of other folks will pass over your magnificent writing because of this problem.

  30. Anonymous

    July 30, 2015
    3:59 p.m.

    Hello, i feel that i saw you visited my website thus i got here to “return the prefer”.I’m trying to to find things to improve my site!I guess its ok to make use of some of your concepts!!

  31. Anonymous

    July 30, 2015
    9:29 p.m.

    I have recently started a web site, the information you provide on this website has helped me tremendously. Thanks for all of your time & work.

  32. Anonymous

    July 31, 2015
    10:38 a.m.

    I’d perpetually want to be update on new content on this site, bookmarked! .

  33. Anonymous

    July 31, 2015
    11:18 a.m.

    Fantastic website. Plenty of useful information here. I am sending it to some friends ans also sharing in delicious. And of course, thanks for your effort!

  34. Anonymous

    Aug. 2, 2015
    4 p.m.

    I really enjoy examining on this site, it contains fantastic posts.

  35. Anonymous

    Aug. 3, 2015
    10:50 a.m.

    hi!,I like your writing so much! proportion we keep up a correspondence extra approximately your article on AOL? I need an expert in this area to unravel my problem. Maybe that’s you! Having a look forward to see you.

  36. Anonymous

    Aug. 4, 2015
    7:36 p.m.

    F*ckin’ amazing things here. I am very glad to look your article. Thanks so much and i’m taking a look ahead to touch you. Will you kindly drop me a mail?

  37. Anonymous

    Aug. 6, 2015
    3:23 a.m.

    Precisely what I was looking for, regards for posting.

  38. Anonymous

    Aug. 7, 2015
    6:49 a.m.

    I like this web blog so much, saved to favorites. “I don’t care what is written about me so long as it isn’t true.” by Dorothy Parker.

  39. Anonymous

    Aug. 7, 2015
    2:34 p.m.

    I really like your writing style, fantastic information, thanks for putting up :D. “He wrapped himself in quotations- as a beggar would enfold himself in the purple of Emperors.” by Rudyard Kipling.

  40. Anonymous

    Aug. 9, 2015
    10:31 p.m.

    Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! However, how could we communicate?

  41. Anonymous

    Aug. 10, 2015
    2:59 a.m.

    When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several e-mails with the same comment. Is there any way you can remove people from that service? Appreciate it!

  42. Anonymous

    Aug. 10, 2015
    2:11 p.m.

    Hey very nice web site!! Man .. Beautiful .. Wonderful .. I will bookmark your web site and take the feeds additionally?KI’m satisfied to seek out a lot of helpful information here within the put up, we want work out more techniques in this regard, thanks for sharing. . . . . .

  43. Anonymous

    Aug. 11, 2015
    1:19 p.m.

    What i do not understood is if truth be told how you are now not really a lot more well-preferred than you may be now. You’re very intelligent. You realize thus significantly when it comes to this matter, made me personally believe it from so many numerous angles. Its like men and women don’t seem to be interested except it’s one thing to do with Lady gaga! Your personal stuffs great. All the time take care of it up!

  44. Anonymous

    Aug. 12, 2015
    4:12 p.m.

    This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!

  45. Anonymous

    Aug. 17, 2015
    10:55 p.m.

    Hello my loved one! I want to say that this article is amazing, great written and come with approximately all significant infos. I would like to peer more posts like this.

  46. Anonymous

    Aug. 17, 2015
    11:39 p.m.

    Hello.This post was extremely motivating, especially since I was searching for thoughts on this matter last Saturday.

  47. Anonymous

    Aug. 23, 2015
    5:06 p.m.

    Nice post. I was checking continuously this blog and I’m impressed! Very helpful info specifically the last part :) I care for such information a lot. I was looking for this certain information for a very long time. Thank you and good luck.

  48. Anonymous

    Aug. 24, 2015
    1:36 a.m.

    I’m truly enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a designer to create your theme? Great work!

  49. Anonymous

    Aug. 24, 2015
    11:17 a.m.

    Hi my friend! I want to say that this post is awesome, nice written and come with approximately all significant infos. I¦d like to see extra posts like this .

  50. Anonymous

    Aug. 24, 2015
    3:12 p.m.

    I¦ve been exploring for a bit for any high quality articles or weblog posts in this kind of area . Exploring in Yahoo I finally stumbled upon this web site. Studying this info So i¦m happy to convey that I have a very good uncanny feeling I came upon just what I needed. I so much for sure will make sure to don¦t put out of your mind this web site and provides it a look on a continuing basis.

  51. Anonymous

    Aug. 25, 2015
    2:53 p.m.

    I love examining and I believe this website got some truly useful stuff on it! .

  52. Anonymous

    Aug. 25, 2015
    3:41 p.m.

    I love it when people come together and share opinions, great blog, keep it up.

  53. Anonymous

    Aug. 26, 2015
    3:51 a.m.

    Very nice design and good content material, nothing else we need : D.

  54. Anonymous

    Aug. 26, 2015
    4:59 a.m.

    I love the efforts you have put in this, thanks for all the great blog posts.

  55. Anonymous

    Aug. 26, 2015
    11:39 a.m.

    I would like to thank you for the efforts you have put in writing this website. I’m hoping the same high-grade website post from you in the upcoming also. Actually your creative writing skills has encouraged me to get my own site now. Actually the blogging is spreading its wings rapidly. Your write up is a good example of it.

  56. Anonymous

    Aug. 29, 2015
    9:23 p.m.

    When I initially commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any means you can remove me from that service? Thanks!

  57. Anonymous

    Aug. 30, 2015
    12:40 a.m.

    Greetings from Carolina! I’m bored to death at work so I decided to check out your blog on my iphone during lunch break. I love the knowledge you provide here and can’t wait to take a look when I get home. I’m shocked at how fast your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyways, amazing site!

  58. Anonymous

    Sept. 1, 2015
    7:38 p.m.

    hey there and thank you for your info – I have certainly picked up anything new from right here. I did however expertise some technical issues using this web site, as I experienced to reload the website many times previous to I could get it to load correctly. I had been wondering if your hosting is OK? Not that I’m complaining, but slow loading instances times will very frequently affect your placement in google and could damage your high quality score if advertising and marketing with Adwords. Well I’m adding this RSS to my e-mail and can look out for much more of your respective exciting content. Ensure that you update this again very soon..

  59. Anonymous

    Sept. 1, 2015
    8:29 p.m.

    When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several e-mails with the same comment. Is there any way you can remove people from that service? Thank you!

  60. Anonymous

    Sept. 2, 2015
    10:05 a.m.

    Thanks for a marvelous posting! I definitely enjoyed reading it, you could be a great author.I will make sure to bookmark your blog and may come back in the future. I want to encourage one to continue your great work, have a nice day!

  61. Anonymous

    Sept. 2, 2015
    10:52 a.m.

    Everything is very open and very clear explanation of issues. was truly information. Your website is very useful. Thanks for sharing.

  62. Anonymous

    Sept. 3, 2015
    12:39 a.m.

    Appreciate it for this post, I am a big big fan of this website would like to keep updated.

  63. Anonymous

    Sept. 8, 2015
    7:18 a.m.

    I’m impressed, I need to say. Actually hardly ever do I encounter a blog that’s both educative and entertaining, and let me inform you, you could have hit the nail on the head. Your concept is excellent; the problem is one thing that not sufficient people are talking intelligently about. I am very comfortable that I stumbled throughout this in my search for one thing regarding this.

  64. Anonymous

    Sept. 8, 2015
    9:39 a.m.

    I?¦m no longer sure where you are getting your info, but good topic. I must spend a while studying more or working out more. Thank you for excellent info I used to be looking for this info for my mission.,347837940,title,Czarter-jachtow-shine,index.html

  65. tom si jerry romana

    Sept. 9, 2015
    5:04 p.m.

    I really liked your article post.Much thanks again. Keep writing.

  66. Anonymous

    Sept. 12, 2015
    11:06 p.m.

    You actually make it appear really easy with your presentation but I to find this topic to be actually something that I think I’d by no means understand. It sort of feels too complicated and extremely broad for me. I’m having a look forward for your next post, I’ll attempt to get the hold of it!

  67. Anonymous

    Sept. 13, 2015
    7:29 a.m.

    As I website owner I conceive the written content here is rattling good, appreciate it for your efforts.

  68. Anonymous

    Sept. 17, 2015
    3:08 a.m.

    An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers

  69. Anonymous

    Sept. 17, 2015
    10:17 a.m.

    You can definitely see your expertise within the work you write. The arena hopes for even more passionate writers such as you who aren’t afraid to mention how they believe. At all times follow your heart. “What power has law where only money rules.” by Gaius Petronius.

  70. Anonymous

    Sept. 17, 2015
    1:28 p.m.

    Hey! I know this is kinda off topic but I was wondering which blog platform are you using for this site? I’m getting tired of WordPress because I’ve had issues with hackers and I’m looking at options for another platform. I would be great if you could point me in the direction of a good platform.

  71. Anonymous

    Sept. 17, 2015
    4:36 p.m.

    It’s best to participate in a contest for among the best blogs on the web. I’ll suggest this web site!

  72. Anonymous

    Sept. 17, 2015
    5 p.m.

    Rattling clear internet site, thanks for this post.

  73. Anonymous

    Sept. 19, 2015
    12:14 p.m.

    Thanks for the great post!

  74. federal mutual insurance

    Sept. 19, 2015
    6:42 p.m.

    Whats amazing post here. I will turn attention on your description.

  75. homeowners insurance quotes

    Sept. 20, 2015
    10:30 a.m.

    Use our free quotes to get discounts on auto or home insurance. Get quotes by zip code and save up to 505 annually.

  76. state farm

    Sept. 20, 2015
    11:31 a.m.

    Also I suggest everyone try our huge discounts on auto or home insurance

  77. state farm quote

    Sept. 20, 2015
    3:21 p.m.

    Thanks for great info, I will you use it for my review!

  78. Anonymous

    Sept. 21, 2015
    8:48 a.m.

    This web site is really a walk-via for all of the info you needed about this and didn’t know who to ask. Glimpse here, and you’ll definitely discover it.

  79. national mutual insurance

    Sept. 21, 2015
    4:26 p.m.

    Thanks for the best info posted here.. Just waiting for update.

  80. amica mutual insurance co

    Sept. 22, 2015
    5:52 a.m.

    Get quotes for auto and home policy. Save with us up to 40%

  81. amax insurance quote

    Sept. 22, 2015
    6:01 p.m.

    Also I suggest everyone try our huge discounts on auto or home insurance

  82. amax insurance mesquite

    Sept. 22, 2015
    6:49 p.m.

    Its easy and fast to get insurance quotes by 5 digit zip code.

  83. Anonymous

    Sept. 23, 2015
    3:32 a.m.

  84. Anonymous

    Sept. 23, 2015
    3:57 a.m.

    I do love the way you have presented this specific matter plus it really does provide us a lot of fodder for consideration. However, coming from what precisely I have observed, I just simply trust as the actual feed-back stack on that people today remain on point and in no way start upon a tirade of the news du jour. Still, thank you for this excellent piece and while I can not go along with this in totality, I regard the standpoint.


    Sept. 23, 2015
    5:57 a.m.

    Also I suggest everyone try our huge discounts on auto or home insurance

  86. federated

    Sept. 23, 2015
    6:02 a.m.

    Choose our best quotes from mutual home and auto insurance companies. Save on policies!

  87. Miguel Yerry

    Sept. 23, 2015
    8:47 a.m.

    This article is very unreal, just what i was looking for to go through on my travels. Thanks Again

  88. Anonymous

    Sept. 26, 2015
    9:50 a.m.

    Good V I should definitely pronounce, impressed with your web site. I had no trouble navigating through all tabs and related information ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your customer to communicate. Nice task..

  89. Anonymous

    Sept. 26, 2015
    5:56 p.m.

    Thank you for the good writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! By the way, how can we communicate?

  90. Anonymous

    Sept. 26, 2015
    10:32 p.m.

    I’ve read some just right stuff here. Certainly price bookmarking for revisiting. I surprise how a lot effort you place to make such a excellent informative site.

  91. commercial vehicle insurance

    Sept. 29, 2015
    5:26 p.m.

    Save more with us and online auto insurance comparison.

  92. Anonymous

    Oct. 1, 2015
    6:53 a.m.


  93. Anonymous

    Oct. 4, 2015
    3:11 a.m.

    Do you have a spam issue on this site; I also am a blogger, and I was curious about your situation; many of us have created some nice practices and we are looking to exchange methods with others, please shoot me an email if interested.

  94. omega insurance dubai

    Oct. 7, 2015
    10 a.m.

    Comparison of quotes on auto or home insurance. Choose rates and save more on policies.

Sign In

Forgot password?



Receive daily coverage of the people, politics and personality of Capitol Hill.

Subscription | Free Trial

Logging you in. One moment, please...