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Obama Signs Bill on Student Loans

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President Barack Obama has signed into law a measure restoring lower interest rates for student loans, pledging the hard-fought compromise would be just the first step in a broader, concerted fight to rein in the costs of a college education.

Encircled by lawmakers from both parties in the Oval Office, the president praised Democrats and Republicans alike for agreeing on what he called a sensible, reasonable approach to student loans even as he cautioned that "our job is not done."

"Feels good signing bills. I haven't done this in a while," he said, alluding to the difficulty he's faced getting Congress, particularly the Republican-controlled House, to approve his legislative priorities.

Vol. 33, Issue 01, Page 4

Published in Print: August 21, 2013, as Obama Signs Bill on Student Loans
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