Obama Urges Congress to lower interest rates on student loans

You may have noticed in the news recently, been getting student loans interest rates much attention. On July 1, 2012, the return rate "supported Stafford" is a set of loans climbing up to 6.8 per cent. Here's why:

In 2007, Congress approved a Bill, cut interest rates for the next few years. Unfortunately, this project will end after 31 June, rates will go from 3.4% to 6.8% again. Congress is now looking for ways to maintain high interest rate this from happening, and if nothing solid as of yet.

Last week, Obama talked about the matter, and he wanted to see happen. Check out the video below to learn more.