Student Loan Rate Hike Averted in Highway Bill Compromise

A bipartisan agreement was reached late Wednesday on a federal highway bill that includes provisions to prevent student loan rates from doubling as well as makes adjustments to defined benefit funding requirements.

The bill, the Surface Transportation Extension Act of 2012 (H.R. 4348), is headed for a vote in the House Rules Committee today and floor action is likely later in the day.

Read more at AdvisorOne…