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Months. Reporter the battle over student Loan Interest rates pits House Speaker john boehner against Senate Majority leader harry reid. The house has done its job. Reporter House Republicans passed a bill that ties the student loan rate to the u. S. Treasury borrowing costs includes 2. 5 . As rates rise, so does the cost of education, up to a max of 8. 5 . What theyve done over there is worse for students than doing nothing at all. Reporter democratic senator joe manchin working with republicans has proposed a similar plan with one key difference. It wont use the savings to pay down the nations debt. In this bipartisan group, we all agree profits should not be made on the backs of students trying to go to school. Thats a difference from what came from the house. R ....