Sunday, April 22, 2012

Obama attracts youth with student loans


US President Barak Obama is depicting Republicans as obstacles to an affordable college education in a move to energise young voters.

He will outline his stance in detail on university campuses this week in states crucial to his re-election.

Obama says it's a question of values, warning America can't afford to let America become a country where a shrinking number of people do really well while a growing number of people struggle to get by.

Obama wants Congress to extend a law that cut interest rates on a popular federal loan program for low- and middle-income undergraduates.

If the law expires, the rates will double on July 1, from 3.4 per cent to 6.8 per cent.

source: http://www.skynews.com.au/world/article.aspx?id=742222&vId=