Saturday, May 5, 2012
Keeping education affordable should be the first long term priority
President Obama speaks to students and parents about his effort to prevent interest rate from doubling on Stafford student loan at Washington-Lee High School in Arlington, Virgina, Friday, May 4, 2012.
On April 28, the Republican controlled House of Representatives passed a bill that would keep federally subsidized student loan rate from doubling to 6.8 percent ; however, the cost of the program would come at the expense of some funding for the American Affordable Healthcare Act. The Senate is voting on its bill May 7.