ROBERT SIEGEL, HOST:
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
After a long wait, the Senate has finally passed student loan legislation. It would restore lower interest rates for undergraduates. Many of them saw their rates double on July 1st when the Senate missed its deadline.
As NPR's Ailsa Chang reports, the new measure closely resembles both what the president wanted and what the House has already passed.