Elizabeth Warren

Brookings Institution Slams Sen. Warren's Student Loans Proposal

Calls it a "cheap political gimmick"

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Elizabeth Warren made headlines last week for saying that she believes students should pay the same rate for loans as big Wall Street banks, 0.75%.

The Obama administration extended the 3.4% interest rate on subsidized federal student loans last year, but that measure is set to expire in July, leaving room for reform.