BOSTON (AP) - The U.S. Senate has reached a deal to extend lower interest rates on federal student loans for another year, but that hasn't stopped both sides in the contentious Massachusetts Senate race from again seizing on the issue.
Democratic hopeful Elizabeth Warren issued a statement congratulating Republicans for agreeing with Democrats on the importance of keeping student loan rates from doubling.
Republican incumbent U.S. Sen. Scott Brown called on Warren to support the bipartisan compromise, even though it doesn't raise taxes on "small family-owned businesses."
The original Democratic plan would have paid for the rate extension by raising Social Security and Medicare payroll taxes on high-earning owners of some privately held companies.
Under the agreement, interest rates for new subsidized Stafford loans would remain at 3.4 percent through next June 30.