Nebraska Senator Mike Johanns sees promise in the proposal to keep college student loan rates from doubling. . .
A bi-partisan group of senators reached agreement a day after meeting with President Obama. The deal would scale back the subsidized college student loan rate from 6-point-8 percent to 3-point-4 percent. Interest rates in the future would fluctuate with the market, though capped at slightly more than 8 percent. . .
College loan rates jumped in July when Congress couldn’t reach agreement.