KKTV - Economy - Headlines

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.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 148270955