In the last class are the Van Kampen Senior Loan, Eaton Vance Prime Rate Reserves and Franklin Floating Rate funds.

FORBES: Fixed Income for Bears

So too with so-called PLUS loans, for which Mr. Obama favors the 10-year Treasury rate plus 3.93% on a fixed-rate loan with no cap, while Mr. Kline wants Uncle Sugar to charge a floating 10-year Treasury rate plus 4.5%, while capping rates at 10.5%.

WSJ: Review & Outlook: Obama's Student-Loan Props