Student Loan Interest Rate Bill That Cuts Health Care Program Passes House

WASHINGTON -- The House of Representatives advanced a bill Friday that funds cheaper student loans by cutting a preventive health care program -- sparking a heated battle in which House Speaker John Boehner (R-Ohio) accused Democrats of manufacturing a war on women.

The House passed the bill by a vote of 215 to 195, with 30 Republicans bucking their party to oppose the bill, and 13 Democrats voting in favor. Democrats might have blocked the measure if they had stayed together. The interest rate for federally subsidized student loans is scheduled to jump from 3.4 percent to 6.8 percent for some 7.4 million students on July 1 if Congress does not act.

Republicans had voted earlier in the week for a budget that allowed the rate to go up, but under public pressure offered a plan Wednesday to preserve the rate by cutting the Prevention and Public Health Fund created in President Barack Obama's Affordable Care Act. Republicans say the move would save $6 billion.

Calling the health program -- which aims to lower health care costs by encouraging prevention -- a "slush fund," Boehner said its funding should be used to help students instead. The White House threatened to veto the bill Friday, and House Democrats objected as well, arguing that the $11.9 billion program (already cut from $16 billion) funds things like cancer screening, child immunizations and programs designed to help people quit smoking and eat right.

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