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Hotdish politics: Loan rate deadline looms large for colleges

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Updated: June 23, 2012 - 10:55 PM

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roymercerJun. 23, 12 5:58 PM

Let's be abundantly factual for a change: It was a 2007 Democratic Congress that voted for an automatic doubling of student loan interest rates in 2012. Oddly enough, it was a moment of unintended sanity from the Dems. Easy money only fuels skyrocketing tuitions. Don't touch it!

carbonbigfutJun. 23, 12 5:59 PM

How about starting the student loans at 3.5%, after 5 years, the interest goes up 2%, after 10 years (and every year after for the next 10), it goes up 1%. The problem with student loans is there is no incentive to pay them off!