By Shanieka Perrier |Staff Writer|
It’s unfair that Congress is considering doubling our student loan interest rates. Congress is set to pass a bill doubling interest rates on student loans.This decision is taking place this summer, according to the LA Times.
I’m a college undergraduate student dependent on loans. How am I going to pay back these ridiculous loan rates after I graduate?
What’s interesting to me is that both Obama and Sen. Mitt Romney (R-Mass.) agree that Congress shouldn’t increase the student loan rates, according to Yahoo! News.
It bothers me that Romney doesn’t have a clear plan. I would like to know how Romney plans to help out low-income undergraduate students.
Romney supports the increase because of extraordinarily poor conditions in the job market. The impending bill will increase interest rates from 3.4 percent to 6.8 percent, as reported by the LA Times.
The change in federal loan interest rate will affect middle and low income undergraduate students like myself, according to Yahoo! News.
In this tough economy, I’m not so certain that a bachelor’s degree will make my life easier.
Students are going to college for the potential of getting a good job, but this increase will make it harder for students to do so.
As a CSUSB voter, I think Romney should have a clear plan on how to rectify or change this growing issue.
Obama has developed a three state tour to rally young supporters on a solution to this problem.
Although Romney’s plan is still in its infancy, he has no definitive stratgey. It’s important that he addresses this issue if he wants our votes.
Presidential candidates should be clear and concise, especially when dealing with college students if they want our vote.
We are America’s future; therefore America should not hold us back by racking up our bills and increasing our debt while we’re still in school.
“53.6 percent of college graduates who had bachelor’s degrees and were under age 25 were unemployed—the highest level in more than a decade,” according to the LA Times.
This bill is unfair to me. Why is Congress raising student loan interest rates when they can get money elsewhere, such as CEO salaries?
“I don’t understand. It feels unfair because it came out of nowhere. It’s taking advantage of those who need [loans],” said student Ciara Lightner.
“I don’t like that fact that we have to pay for education and other countries go for free, like Cuba and England. It makes me not want to come to school,” said student Viviana Hernandez.
If Congress chooses to pass this bill this summer, there will be an even bigger gap between the rich and the poor in this country.
This is an election year, so it’s imperative that we take note on what’s best for us college undergrads. We can make a difference by carefully selecting who we elect to government positions.
We should vote for the presidential candidate that has a clear plan that can help the economy without hurting students. By educating ourselves about ongoing issues and with the power of our votes, we can make change a reality.
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