GOP ignores veto threat, passes student loan bill

WASHINGTON (AP) –
Republicans ignored a veto threat and overcame a rebellion by party
conservatives to push a bill through the House Friday keeping interest
rates on millions of federal student loans from doubling this summer.

Lawmakers voted 215-195 to
approve a bill that has become an election-year battle between the two
parties over helping families in a persistently ailing economy. The
measure sparked debate over women's health issues, too.

The White House and most
Democrats opposed the $5.9 billion bill because of how Republicans
covered the costs: eliminating a preventive health care fund in
President Barack Obama's health care law. They say the program mostly
benefits women, while Republicans call it a loosely controlled slush
fund.

“This is a politically
motivated proposal and not the serious response that the problem facing
America's college students deserves,” the White House wrote in a veto
message shortly before the House vote.

Democrats accused
Republicans of supporting the effort to keep student loan interest rates
low only because of political pressure from Obama.

The House measure is
destined to die in the Senate, where majority Democrats have written a
version of the bill paid for by raising Social Security and Medicare
payroll taxes on high-income owners of some privately owned companies,
which GOP senators oppose.

GOP lawmakers were
pressured by conservative groups like the Club for Growth to oppose the
legislation because, they said, the government should not subsidize
student loans. In the end, 30 Republicans voted no, while 202 voted yes.

House Speaker John Boehner, R-Ohio, said Democrats had invented a Republican war on women for political gain.

“To pick this big political
fight where there is no fight is just silly. Give me a break,” he said,
winning a raucous standing ovation from GOP lawmakers.

On the Democratic side,
party leaders pressured rank-and-file lawmakers to oppose the Republican
measure. Some Democrats wanted to vote to keep student loan rates low,
though it meant accepting GOP health care cuts.

In the end, 165 Democrats opposed the bill, and 13 voted for it.

The House bill would keep
interest rates for subsidized Stafford loans at 3.4 percent for another
year. Without congressional action, they would rise automatically to 6.8
percent on July 1, a condition set in a law Democrats pushed through
Congress five years ago.

Republicans noted that many
Democrats had voted earlier this year to take money from the preventive
health fund to help keep doctors' Medicare reimbursements from
dropping. Obama's own budget in February proposed cutting $4 billion
from the same fund to pay for some of his priorities.

Friday's vote came with
congressional Republicans and Democrats, as well as Obama and his
near-certain GOP opponent this fall, Mitt Romney, competing at every
turn over who has the best prescription to wring new jobs out of the
still-struggling economy. The student loan battle fits nicely into that
theme, with 7.4 million low- and middle-income students and their
parents reliant on Stafford loans and a college education symbolizing
the ticket to economic success.

The vote also followed days
of campaign-style road trips that Obama used to get in front of the
issue and portray Republicans as foot-draggers on it. The week began
with Romney saying he favored keeping loan rates low, remarks he hoped
would prevent Obama from making the matter a campaign fight but which
may have helped prod congressional Republicans into action.

Democrats noted that
Republicans previously had questioned the wisdom of keeping students'
interest rates low. They also accused Republicans of reversing
themselves, after voting earlier this month for a 2013 federal budget
that let Stafford loan rates double as scheduled.

For House Minority Leader
Nancy Pelosi, D-Calif., the emphasis was the GOP's cuts in the
preventive health program, whose initiatives she said include breast
cancer screening and children's immunizations. She contrasted that with a
Democratic bill extending the low student rates by cutting subsidies to
oil and natural gas companies, which is opposed by the GOP.

Pelosi characterized the Republican view as, “'We prefer tax subsidies for big oil rather than the health of America's women.'”

The higher interest rates,
if triggered, would affect the 7.4 million undergraduates expected to
borrow new Stafford loans beginning July 1. This year, 8 million
students took out such loans, averaging $3,568, according to the
Education Department.

___

Associate Press writers Donna Cassata and Jim Kuhnhenn contributed to this report.

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2012 The Associated Press. All rights reserved. This material may not
be published, broadcast, rewritten or redistributed.

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