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Senate Majority Leader Harry Reid

Senate Majority Leader Harry Reid of Nev. talks to reporters on Capitol Hill in Washington, Tuesday, Dec. 13, 2011. (AP Photo/J. Scott Applewhite) 

Senate rejects plans on student loans

The Senate rejected dueling Democratic and Republican plans on Thursday for averting a July 1 doubling of interest rates on federal college loans for 7.4 million students, pushing back efforts to resolve the election-season showdown until next month.

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