Showing posts with label Federal Loan Program. Show all posts
Showing posts with label Federal Loan Program. Show all posts
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=
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