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Sunday, April 22, 2012

No Raised Taxes, Or Student Loan Increases, Please.

President Obama will visit three key 'battle ground' states this week to talk student loan rate increase.

On Tuesday, April 24, President Obama will visit the University of Colorado Boulder in Boulder, CO to deliver remarks as part of a concerted effort to get Congress to prevent interest rates on student loans from doubling this July.

Student loan rates are set to increase from 3.4 percent to 6.8 percent for millions of college students.

"At a time when going to college has never been more important, it has also, unfortunately, never been more expensive", said Secretary of Education Arne Duncan last week in a White House briefing.

Adding, "Families and students are struggling to meet these costs, and there's no reason why we should add to their burden.  And I have to tell you, as I’ve traveled throughout the country ... not just in disadvantaged communities, but more and more middle-class families are starting to think college might not be for them, it’s for rich folks.  There’s a real problem with that when we know going to college is the path to the middle class."

The president will continue his message, visiting the University of North Carolina at Chapel Hill in North Carolina, and visiting the University of Iowa in Iowa City, Iowa on Wednesday, April 25th.
Keep abreast of this issue on Twitter, Facebook, and Google+ using the hashtag DontDoubleMyRate.

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