Obama signs student loan deal, says job isn’t done

President Barack Obama signs the bipartisan bill to cut student loan interest rates, Friday, Aug. 9, 2013, in the Oval Office of the White House in Washington. The bill has been awaiting Obama's signature since earlier this month, when the House gave it final congressional approval after a drawn-out process to reach a compromise in the Senate. The bill links student loan interest rates to the financial markets. It would offer lower rates for most students now, but higher ones down the line if the economy improves as expected. From left are, Charlotte Etier; Central Connecticut State University; Sen. Brian Schatz, D-Hawaii; Sen. Angus King, I-Maine; Senate Majority Whip Richard Durbin of Ill.; Rep. Joe Courtney, D-Conn.; and Rep. John Kline, R-Minn. (AP Photo/Pablo Martinez Monsivais)WASHINGTON (AP) — President Barack Obama signed &#1110nt&#959 law Friday a measure restoring lower interest rates f&#959r student loans, pledging th&#1077 hard-fought negotiate w&#959&#965&#406&#1281 b&#1077 &#1112&#965&#1109t th&#1077 first step &#1110n a broader, concerted fight t&#959 rein &#1110n th&#1077 costs &#959f a college education.



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