Margo B is
bracing1 for the cost of her student loan to
spike2. It definitely makes lines ID go up several
notches3. She is one of more than 7 million Americans who is federally subsidized, loan interest rate going to double to 6.8% when a law is set to expire in July. So this week, we only finish paying off our student loans, check this out, alright, I am the president of United States. He is going on the Jimmy Fellon show and pitching his message to college audience in battle ground states, north Carolina, Colorado and Iowa. Just the mention of college loans is in * line on campuses. I am assuming a lot of people here have federal student loans, anybody here can afford pay an extra thousand dollars right now? And the president needs these voters badly, in 2008 he won the youth vote by 66%, though 18 to 29 years old made up only a fraction of the elect rate, they were crucial to his victory, for example the president won north Carolina by just 1%, but he carried young voters by whopping 74%, hard to imagine that victory without the college crowd, but now times have changed, some who vote for won't go at all, and
frankly4, this is one of kinds of groups that you can't forward to lose a percentage. The national unemployment rate among 20 to 24 years old is 5 points higher than the national average, and Americans, a one trillion dollars in student loan debt, this college republican says the talk on campus is not optimistic. I can't pay my suit, I can't find a job to help pay for that, and that's why that level of excitement just isn't here, I am not saying it. It seems the president is trying to stir enthusiasm, here squaring off against republican Congresswoman who isn't feeling a student's pain. I am just quote here, I am just quote, she said, she said students reckon up student loan debt are just sitting on their
butts5, having opportunity dumped in your lap. He was roughly quoting republican Congresswoman Virginia Fox, what the president did not mention is that
Mitt6 Romney has come out in favor of the extending the current low interest rates on college loans, now it's up to Congress to find the 6 billion dollar it will take to pay for that.
