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


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


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 and follow him on Twitter at @sahilkapur.