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Compromise: House GOP Offers Student Loan Extension

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Call it a win for President Obama, or a win for bipartisanship, or a win for students. However you see it, the House Republicans have offered a solution to the student loan interest rate hike that loomed in July. The bill, which the House will vote on this Friday, will keep the rates from doubling 3.4% to 6.8%. Essentially, the biggest difference in the GOP proposal from the Democratic one stems from where the money comes from, with the GOP attempting to avert a tax increase. 

The House legislation would cost roughly $6 billion and would be...