AP: Senators reach bipartisan student loan deal

Vote on deal could come Thursday

POSTED: 5:08 PM Jul 17 2013   UPDATED: 3:09 AM Jul 18 2013
college classroom lecture hall
WASHINGTON (CNN) -

Senators on both sides of the aisle struck a deal Wednesday to restore lower interest rates for student borrowers this fall, The Associated Press reported.

A vote on the deal could come as early as Thursday, the wire service said.

Students would be offered lower rates through the 2015 academic year, but then rates were expected to rise, the AP reported.