President Obama To Student Loan Interest Rate Effort

By: Associated Press Email
By: Associated Press Email


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April 20, 2012

President Barack Obama will make a three-state swing next week to call on Congress to prevent interest rates on student loans from doubling.

The White House says President Obama will speak at universities in North Carolina, Colorado and Iowa. All three are key general election
battleground states.

College-aged voters are also a critical constituency for the
Obama campaign.

The interest rate on a popular federally subsidized student loan
will double in July unless Congress acts. The rate hike affects new
subsidized Stafford loans, which are issued to low and middle
income undergraduates.

While in North Carolina, President Obama will also make his first
appearance on NBC's "Late Night with Jimmy Fallon" show. NBC says
the show will tape a special broadcast Tuesday at the University of
North Carolina at Chapel Hill.

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