How Gov't Student Loans Ruined College

Liz Peek:

President Obama and Congress are squabbling again - this time over the rates charged on federal college loans.
Surrounded by students nicely turned out in suits and dresses, looking more like the Mormon Youth Chorus than today's undergraduates, Mr. Obama recently chastised Congress for not yet blocking a doubling of rates for new Stafford loans set to occur on July 1.

As the president well knows, the House has already passed a bill preventing the hike and tying new loan terms to market levels. The president's solution is similar, but would lock in rates for the duration of the loan. The spat is like bickering over menu choices on the Titanic.

Posted by Jim Zellmer at June 6, 2013 1:23 AM
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