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Democrats Peterson and Walz vote for GOP student loan interest rate plan

Minnesota Congressmen Collin Peterson and Tim Walz voted in favor of the $5.9 bill that would prevent the interest rate on federally-subsidized student loans from doubling this summer by cutting funds from part of President Obama's health care law. It now heads to the Democratic-controlled Senate where the plan is dead on arrival. Republican U.S. Rep. John Kline says the legislation isn't perfect, "but it will allow us an opportunity to continue working toward a long term solution."
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Minnesota Congressmen Collin Peterson and Tim Walz voted in favor of the $5.9 bill that would prevent the interest rate on federally-subsidized student loans from doubling this summer by cutting funds from part of President Obama's health care law. It now heads to the Democratic-controlled Senate where the plan is dead on arrival. Republican U.S. Rep. John Kline says the legislation isn't perfect, "but it will allow us an opportunity to continue working toward a long term solution."

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