July 9, 2013: Senate Majority Leader Harry Reid of Nev. gestures as he speaks with reporters on Capitol in Washington about student loan rates following a Democratic strategy session. Reid scheduled a procedural vote for Wednesday on a bill restoring the interest rate on subsidized Stafford loans to 3.4 percent for one year. Interest rates doubled to 6.8 percent last week because Congress didn't avert a rate hike built into the law.