President Obama to sign student loan bill Friday - WXOW News 19 La Crosse, WI – News, Weather and Sports |

President Obama to sign student loan bill Friday

WASHINGTON (WXOW) – Student loans will officially be tied to the financial market on Friday when President Barack Obama signs it into law.

President Obama says it will save millions of students about $1,500 on their loans this school year.

Critics worry it's only a short term cut and they predict the link to financial markets will drive the rates up in the future.

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