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Congress Urged To Act Fast On Student Loan Interest Rates

from CNN

Freshman Tyler Dowden from Northern Arizona University has high aspirations for a career as a psychologist, but worries about his future have brought him to Washington with a petition for Congress not to raise interest rates on his Stafford student loans. "I don't feel that I can be successful with this overwhelming debt strangling me. I can't really breathe because whenever I look around, whenever I look at my future or try to make goals for my future, I really can't. I have to take my massive debt into consideration," Dowden said. He isn't alone. He is among nearly 8 million college students who could potentially have the interest rates on subsidized Stafford student loans nearly double from 3.4 percent to 6.8 percent if Congress doesn't act by July 1. more


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