Loan Interest?

Student loan interest rates have been declining by one percentage point per year since 2009 (6.8%). Their currently level (3.4%) is being debated in the U.S. Congress, on whether or not this current interest rate should remain as the perminant student loan rate. This is bound to become a hot-button issue with dueling political parties vieing for the hearts and minds of the American youth vote. The incumbant President and the republican candidate are in agreeance on keeping the interest rate at its reduced amount indefinitly.

Although each candidate had taken the side of the students, their respecitve parties will debate these issues until November, hoping to give eachother a blackeye for being anti-student or education. Ironically Education is the first item cut in most bipartisan governments, when the going gets tough.

NBC Nightly News (Student Loan Debt)