Student loan relief only temporary

As the Washington Examiner reported a few days ago:

The measure would let all undergraduates borrow money at a 3.9 percent interest rate, while graduate students would pay 5.4 percent. Those rates would climb as the economy improves and it becomes more expensive for the government to borrow money.

Rates for undergraduates would be capped at 8.25 percent, while the rate for graduate students would not climb higher than 9.5 percent.

"A college education should be a path to prosperity, a path to the middle class, not a path to indebtedness," said Sen. Tammy Baldwin, D-Wis. "Not only does this legislation raise long-term loan rates for students, it fails to close tax loopholes and does not ask the wealthy to pay their fair share."

Sen. Bernie Sanders, a Vermont independent who caucuses with Democrats, called the White House "disingenuous" for downplaying that the probability loan rates will increase.