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valet, police cars pulling me over for no apparent reason," Obama wrote.
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Senate reaches deal to restore lower college loan rates for most students in coming year
• WASHINGTON (AP) -- Senators are ready to offer students a better deal on their college loans this fall, but future classes could see higher interest rates.
• The Senate could vote as early as Thursday on a bipartisan compromise that heads off a costly increase for returning students. The compromise could be a good deal for students through the 2015 academic year, but then interest rates are expected to climb above where they were when students left campus this spring.
• Under the deal, all undergraduates this fall would borrow at 3.85 percent interest rates. Graduate students would have access to loans at 5.4 percent and parents would be able to borrow at 6.4 percent. Those rates would climb as the economy improves and it becomes more expensive for the government to borrow money.
• The deal was described by Republican and Democratic aides who insisted on anonymity because they were not authorized to discuss the ongoing negotiations by name.
• Undergraduates last year borrowed at 3.4 percent or 6.8 percent, depending on their financial need. Graduate students had access to federal loans at 6.8 percent and parents borrowed at 7.9 percent.
• ___
From sea to sea, a heat wave leaves much of the nation cornered, though relief is on the way
• NEW YORK (AP) -- Cooler temperatures are within sight but likely not soon enough and cool enough for a large swath of the country hit with dangerously high temperatures for days as the largest heat wave of the summer failed to budge from South Dakota to Massachusetts.
• The relief is expected to begin arriving Thursday in some regions of the country as a cold front drops south from Canada. But it is not soon enough for others. New York City, for instance, is bracing for another day of temperatures in the high 90s.
• Cooler temperatures are likely to sweep through the Midwest and into the Mid-Atlantic and Northeast regions by Saturday. They might be accompanied by severe thunderstorms.
• The largest heat wave of the summer has stagnated over large regions, bringing sizzling temperatures and little hope of relief without rain, a growing possibility for (Continued on page 26)
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