The National Journal reports:
Senate aides said that aides to Senate Majority Leader Harry Reid, D-Nev., and Minority LeaderMitch McConnell, R-Ky., have agreed on how to cover the $6 billion cost of the bill, which has been the main sticking point. Pay-fors include Democratic proposals involving pensions. The deal also includes a GOP proposal to cut off subsidized student loans after six years, saving about $1.2 billion a year.
That would push higher education out of the reach of many middle class kids never mind kids from poor families. The GOP despises the idea of a well educated electorate and has been doing everything possible for 40 years to destroy public education and make college punishingly expensive. Uneducated = easily manipulated.