On Friday, the House of Representatives will vote on a bill to extend the 3.4 percent interest rate on federal student loans for one year, House Speaker John Boehner announced on Wednesday.
“You know, this week the president’s traveling the country on the taxpayers’ dime, campaigning and trying to invent a fight where there isn’t one, and never has been one on this issue of student loans. We can and will fix the problem without a bunch of campaign-style theatrics,” Boehner said.
“Republicans and Democrats on both sides of the aisle here on the Capitol have long agreed this was a problem that must be addressed.”
Boehner said the Republican bill will pay for the lower interest rate on student loans “by eliminating a slush fund in the president’s health care law.”