Doubling Student Interest Rates Would Be Devastating For Latinos

By Jose Aristimuno, Fox News Latino

A couple of weeks ago, I had a chance to attend an event at the White House where President Obama urged Congress to prevent an increase in student interest rates. While there, I had the opportunity to meet with student leaders from across the country who understand the gravity of this issue: If interest rates double, it could prove to be devastating for millions of students and their families.

Interest rates on new subsidized Stafford loans are set to double from 3.4 percent to 6.8 percent on July 1. If this sounds like déjà vu, that’s because Congress faced this very same issue last year.

With college costs skyrocketing, and Latino students taking on an immense amount of debt each year, many Latinos are starting to believe that going to college may not be the best investment.

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