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Democratic Sen. Al Franken of Minnesota, who 

by trying to amend the Senate student loan rate legislation 

, made this announcement about why he voted for the bill:

Franken and Sen. Patty Murray, D-Wash., wanted to use profits from the federal student loan program for the Pell Grant, but his announcement says that amendment "never got a vote." Another amendment would have lowered the rate cap, but that never passed.

Republican Rep. John Kline of Minnesota -- chairman of the House Education and the Workforce Committee -- issued 

he Senate passed a student-loan-rate bill yesterday

For more about Franken, here's the rest of the senator's press release:

Education News

On Campus Blog

Alex Friedrich

Author

Democratic Sen. Al Franken of Minnesota, who won the support of many students by trying to amend the Senate student loan rate legislation that passed yesterday, made this announcement about why he voted for the bill: “… My main goal throughout this process was to make sure we got students the best deal possible, which…

What Franken, Kline said about the Senate student-loan deal

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