House Passes GOP’s Student Loan Bill

Despite President Obama's threat to veto the House bill that would keep student loan interest rates at 3.4% by cutting other parts of the budget, members proceeded and passed the legislation.

By Lily Benitez De Luna

Despite President Obama’s threat to veto the House bill that would keep student loan interest rates at 3.4% by cutting into public health funds, lawmakers passed the legislation Friday 215 to 195.

Prior to voting, House Minority Leader Nancy Pelosi (D-Calif.) condemned the Republican-sponsored bill, stating that the legislation is just another attack on women. The bill would pay to keep these interest rates stagnant by eliminating the Prevention and Public Health Fund, a fund particularly beneficial to women because of its coverage for breast and cervical cancer among other preventative screenings.

Legislation that includes the public health cuts will not likely pass through the Senate.

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News updates from on and around Capitol Hill.

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