Democrats propose cut in loan interest rates« Thread Started on Jan 25, 2007, 12:50am » --------------------------------------------------------------------------------Democrats propose cut in loan interest ratesBy Joy Nyenhuis-RouchPublication Date: 01/23/07Staff Writer Some Purdue staff and faculty believe the potential cut in student loan interest rates could make college more affordable.Democrats have pledged to cut the interest rate on federal student loans from 6.8 percent to 3.4 percent. The vote on the proposal is scheduled for Wednesday. read at source> http://www.purdueexponent.com/index.php ... ry_id=3735