Baldwin on pending student loan interest rate increase

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MADISON (WKOW) – U.S. Rep. Tammy Baldwin is in Madison Tuesday to discuss student loan interest rates at UW-Madison's Memorial Union.

The candidate for U.S. Senate says Congress must act by July 1 to prevent interest rates on student loans from doubling. If not, she says it would cost 167,480 Wisconsin students with Stafford Loans an extra $968.

The National Republican Senatorial Committee is calling her press conference Tuesday a "phony tour of Wisconsin."

A spokesman says Baldwin and her fellow Democrats are the ones stonewalling progress on the issue.

Baldwin says she introduced a plan to freeze interest rates by increasing taxes for the wealthy while Republicans say they also offered at least three separate options to prevent the student loan rate increase.

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