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Monday, April 30, 2012

No Matter Who Wins the Student Loan Fight, Students Will Lose - News - GOOD

No Matter Who Wins the Student Loan Fight, Students Will Lose - News - GOOD:


No Matter Who Wins the Student Loan Fight, Students Will Lose


In the past few days, both parties have turned the fate of college kids into a political football. With the 3.4 percent interest rate on student loans set to double July 1 if Congress doesn't temporarily extend relief, President Obama and his adversaries have taken to arguing about how we might pay for the difference. House Republicans have suggested scooping out billions from the fund for the Affordable Care Act's preventive care measures; Obama swears he'll veto such a plan. If this is anything like the push-and-pull battles Congress has waged during the past three years, there's a chance those students will be even more crushed by debt than they