Obama To Launch Student Loan Interest Rate Effort

By: AP
By: AP

WASHINGTON (AP) -- President Barack Obama will make a three-state swing next week to call on Congress to prevent interest rates on student loans from doubling.

The White House says Obama will speak at universities in North Carolina, Colorado and Iowa. All three are key general election battleground states.

College-aged voters are also a critical constituency for the Obama campaign.

The interest rate on a popular federally subsidized student loan will double in July unless Congress acts. The rate hike affects new subsidized Stafford loans, which are issued to low and middle income undergraduates.

While in North Carolina, Obama will also make his first appearance on NBC's "Late Night with Jimmy Fallon" show. NBC says the show will tape a special broadcast Tuesday at the University of North Carolina at Chapel Hill.

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  • by kvb Location: Springs on Apr 23, 2012 at 11:10 AM
    But wait, the house is voting on illegals get discount price to go to college. I just don't understand. I think all college students need a break. To top it off, there are no jobs in there field after they get out of college. Then you can't pay your loans off because of no jobs its just a no win situation . Please,wake up this President really doesn't care KIDS.. He just likes to be in the spotlight....
  • by Subsidized... on Apr 21, 2012 at 09:04 PM
    goes from 3.4% to 6.8% in 2012/13. The 3.4% was dropped from the 4.5% prior to that year. The unsubsidized stays the same at 6.8%, which it's been for a while now.
  • by This story sucks.... on Apr 21, 2012 at 09:01 PM
    It tells you nothing. Here's a link to some real info: http://www.staffordloan.com/stafford-loan-info/interest-rates.php
  • by student loan on Apr 21, 2012 at 08:47 AM
    can any of you focus on the interest rate piece of this story? the rate for student loans may double??? republican or democrat...we cant let this happen to our students seeking higher education!!!!
  • by truth on Apr 20, 2012 at 06:21 PM
    Obama is a dog eating, illegally our president, a liar when he swore under oath he never used alias name(barry sortero). He is a communist liking fool. Who gives a rat a.. if he is black. He is trash.
  • by Taxpayer on Apr 20, 2012 at 03:14 PM
    Obama and his cronies are not worth shooting. Act like the men ur suppose to be and give up the bodyguards. Real men don't need them.
  • by Nath Location: Colo Spgs on Apr 20, 2012 at 10:18 AM
    Your tax dollars at work... We pay for his campaign travels and other associated expenses since he is the current occupant of the White House. I think his campaign should be required to reimburse those expenses.
    • reply
      by Anonymous on Apr 20, 2012 at 11:24 AM in reply to Nath
      Your ignorance at work. Your tax dollars are also spent on the oppositions campaigns. Newt is still spending your tax dollars even though he doesn't have a chance. Book, words, read.
      • reply
        by C/S on Apr 20, 2012 at 12:00 PM in reply to
        Although Newt would be entitled to some federal funds (Plus private donations), I really doubt he travels with as many aircraft, armored cars, body guards, advanced taem, local law enforecement support and staff as the preseident does. So Nath would have a point.
    • reply
      by jazzcat on Apr 20, 2012 at 01:34 PM in reply to Nath
      His campaign will reimburse some of the travel costs. It won't be a 100% payback, since the President is required to travel with government security in government vehicles. But DoD, DHS, and other agencies will recoup some of the costs.
  • by A.O.B.O Location: your moms house on Apr 20, 2012 at 10:12 AM
    Obama 2012 "Say whatever it takes to get your votes" Hopefully most people will know his record, and we will have real change in November!
    • reply
      by Anonymous on Apr 20, 2012 at 10:55 AM in reply to A.O.B.O
      Some people like his record, maybe people don't like what you like.
      • reply
        by Anonymous on Apr 24, 2012 at 06:01 AM in reply to
        You must still be in some sort of love trance/delusion with Obama?
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