WASHINGTON (AP) — House Republicans are willing to give President Barack Obama a rare win, the chairman of the Education and Workforce Committee said Thursday in outlining a deal that would let college students avoid a costly hike on their student loans.

Rep. John Kline, R-Minn., told The Associated Press that his GOP-led panel would support an idea included in Obama’s budget proposal that links the interest rates on student loans to market rates. To calm fears of runaway interest rates, Kline said his proposal also would include a cap on interest rates that was not part of Obama’s proposal.

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