By Ted Barrett and Deirdre Walsh, CNN
(CNN) - House GOP leaders are expected to discuss whether or not to extend a rate cut on student loans at a meeting Wednesday morning.
On Tuesday, top Senate leaders from each party indicated they had reached an agreement but were waiting to hear whether House Republicans would accept the deal.
The White House issued a statement praising the Senate deal and pressed House Republicans to accept it.
"We're pleased that the Senate has reached a deal to keep rates low and continue offering hardworking students a fair shot at an affordable education," White House Press Secretary Jay Carney said in a statement. "We hope Congress will complete the legislative process and send a bill to the president as soon as possible."
House GOP leaders were still looking at the details, said Michael Steel, a spokesman for House Speaker John Boehner. He also declined to say whether they would bring the deal up for a vote in the House.FULL STORY