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new at eleven about a month before college students return to their campuses a group of senators docHubed a deal to restore lower interest rates on student loans that deal would offer students lower rates through the 2015 academic year after that rates could spike again to where they were this spring a vote on the agreement could happen as early as tomorrow it might be pushed into next week under the deal all undergraduate students would borrow at three point eight five percent graduate students would carry rates of five point four percent parents would be able to borrow at a six point four percent interest rate