NEW : Sen. McConnell says it is Democrats stalling progress to score political points . President Barack Obama chided Republicans for holding up a deal with unreasonable demands , and he urged college students to continue raising their voices on the issue . The president urges Congress to prevent interest rates on student loans from doubling . Senate Majority Leader Reid says recent talks provide hope for a resolution . Without action , the current 5 % interest rate will rise to 6.8 % at the end of October .
NEW : Sen. McConnell says it is Democrats stalling progress to score political points . The president urges Congress to prevent interest rates on student loans from doubling . Senate Majority Leader Reid says recent talks provide hope for a resolution . Without action , the current 5 % interest rate will rise to 6.8 % at the end of October .