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The Boston Globe

Business

Obama signs student loan deal, says job isn’t done

WASHINGTON — President Obama signed into law Friday a measure restoring lower interest rates for student loans, pledging that the hard-fought compromise would be just the first step in a broader, concerted fight to rein in the costs of a college education.

Encircled by lawmakers from both parties in the Oval Office, Obama praised Democrats and Republicans alike for finally agreeing on what he called a sensible, reasonable approach to student loans even as he cautioned that ‘‘our job is not done.’’

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