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The Student Loan Fairness Act proposed, if enacted would cap interest rates of student loans to 3.4%. This version of the bill, HR1330, was sponsored by Rep. Karen Bass (D-CA37) on May 21st, 2013.

The House passed a resolution in May of 2013 to tie student loan rates to free market loan rates. Every year, student loan interest rates will adjust to fit the market. subsidized and unsubsidized rates will cap at 8.5%.

a proposal from Senator Elizabeth Warren, a Democrat from Massachusetts, that would have used the Federal Reserve’s discount window lending for the student loans while congress searches for a more permanent solution. ==References=