Obama begins push to maintain lower federal student-loan rate

04/20/2012 | New York Times (tiered subscription model), The

With the interest rate on federal Stafford loans set to double from 3.4% to 6.8% in July, President Barack Obama plans to start pressuring Congress to maintain the lower rate. Republicans say an extension of the 2007 measure that lowered the rate is Obama's attempt to win younger Americans' votes. A one-year extension is estimated to cost $6 billion.

View Full Article in:

New York Times (tiered subscription model), The

Published in Brief: