Apr 222012
Authors: Collegian Staff Report

President Obama is Boulder bound Tuesday, where he will speak at the University of Colorado about the increasing need for Congress to prevent student loan interest rates from doubling come July.

According to a White House news release, more than 7.4 million students will see their loan rates double on July 1 –– potentially making students rack up an additional $1,000 in debt they wouldn’t have seen before the increase.

“President Obama believes we must reward hard work and responsibility by keeping interest rates on student loans low so more Americans get a fair shot at an affordable college education, the skills they need to find a good job, and a clear path to middle class,” the release said, adding that the president’s stop at CU is just one in a three-campus sweep.

Obama is set to speak at the University of North Carolina at Chapel Hill before heading to Colorado on Tuesday. On Wednesday, he’ll head to the University of Iowa.

For attendees or students interested in being a part of the effort, the White House will lead a social media effort through Twitter, Facebook and Google , using the hashtag #DontDoubleMyRate.

 Posted by at 3:08 pm

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