Posted: 11:00 a.m. Tuesday, April 24, 2012
Student Loan Rates By Jamie Dupree
President Obama is on a two day, three state trip this week highlighting his call for Congress to prevent an increase in student loan rates due to take effect on July 1.
If nothing is done, interest rates for student loans would go from 3.4% to 6.8% - something that the President, along with GOP frontrunner Mitt Romney, say they want to prevent.
One interesting note about this push is that when the Congress approved this plan back in September of 2007, there were a number of interesting names missing from the final vote on the bill in the Senate.
They included, Senators Obama, Clinton, Biden, Dodd and McCain - all of whom were running for President at that time.
You can find the link to that vote on the Senate's web site.
Jamie Dupree is the Radio News Director of the Washington Bureau of the Cox Media Group and writes the Washington Insider blog.
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