Wednesday, June 27, 2012

Partisan Battle Continued: Interest Rates on Student Loan To Increase?

Most of you have probably already heard, but in case you haven't, student loan interest rates on Stafford loans are set to double on Saturday. They are currently a 3.4%. If they double, this change will impact over 7 million students currently in school.

Here's an MSNBC video about the situation.

Given the dire economic situation in this country, and the millions and millions of borrowers who are struggling or unable to pay off their debt, this "battle" is only political posturing. While that is common in D.C., they all look even more tone deaf than ever. It's pitiful.

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