Republicans on Saturday urged Democrats to strike a deal to overhaul the federal student loan program, which would put an end to college students sweating out the summer on whether loan rates will double before fall classes start.

The Senate failed to reach a deal before leaving for Fourth of July break to keep the rate for the federally subsidized Stafford loan from going from 3.4 percent to 6.8 percent.

Republicans want Democrats to act on legislation that ties the rate to the financial markets.

“For too long, politicians have been in charge of setting these rates, and we keep coming back to cliffs and deadlines like this one,” Kansas Rep. Lynn Jenkins, vice chairman of House Republican Conference, said Saturday in the party’s weekly address.