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.
A version of this article appeared in the August 21, 2013 edition of Education Week as Obama Signs Bill on Student Loans