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White House Fact Sheet: President Obama Fights to Keep Student Loan Interest Rates from Doubling

“Helping more of our young people afford college should be at the forefront of American’s agenda.  It shouldn’t be a Democratic or a Republican issue.”

–President Barack Obama, University of Colorado-Boulder, April 24, 2012.

Washington, DC–(ENEWSPF)–May 31, 2013.  Last year the President worked with Republicans and Democrats in Congress to secure a one-year extension to keep the student loan interest rate from doubling to 6.8 percent.  Absent Congressional action, interest rates on new subsidized student…

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