Student Loan Interest Vote - KLFY News 10

Student Loan Interest Vote

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The majority of people who graduate from college are saddled with thousands of dollars in student loans.

And in 10 days, Congress will decide whether or not to double interest rates on new student loans.

As the deadline approaches, President Barack Obama and students are speaking out against the raise.

There are over 83,000 college students here in Louisiana who rely on federal loans.

And with the chance of interest rates more than doubling, students may find themselves with more of a financial burden than before.

Nationwide, college students have racked up nearly $1 trillion in student loans and if Congress allows interest rates to double that number will go up.

It's a financial burden President Obama wants stopped.

Caroline Balchunas

 

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