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The Boston Globe

Business

House advances student loan fix

WASHINGTON — The days of fixed-rate student loans could be coming to a close, with House Republicans advancing a proposal Thursday that would link rates to financial markets.

The GOP-led House Education and the Workforce Committee sent to the full House a bill that would offer some students a better deal at first. Democratic critics warned that graduates would face steadily climbing rates and costs over the long haul if the markets change.

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