In it, but not of it. TPM DC

Boehner: GOP Hasn't Given Up On Preventing Spike In Student Loan Interest Rates

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The reports prompted a retort from Sen. Chuck Schumer (D-NY).

"These overheard comments by Speaker Boehner confirm our suspicions that Republicans were never serious about wanting to stop rates from doubling on college students," Schumer said in a statement. "To many on the hard right, government should not play a role in helping students afford college. Speaker Boehner seems to be following their lead and throwing in the towel on this issue a month before the deadline. It seems he would rather let costs rise on middle-class families than work across the aisle to find a bipartisan solution. In the Senate, we are going to persist in finding a compromise."

Democrats and Republicans are at a deadlock on how to pay for the $6 billion cost of a one-year freeze. If no action is taken, interest rates will double from 3.4 percent to 6.8 percent on some 7 million students in July.

About The Author

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Sahil Kapur is TPM's senior congressional reporter and Supreme Court correspondent. His articles have been published in the Huffington Post, The Guardian and The New Republic. Email him at sahil@talkingpointsmemo.com and follow him on Twitter at @sahilkapur.