They are scheduled to double their interest rates in July. Plan offered to rescue student loans - Worcester Telegram & Gazette - telegram.com
"If Congress does not act, interest rates on new loans would double July 1 from 3.4 percent to 6.8 percent. The issue resonates with young voters, a group that supported President Barack Obama in 2008 and is critical to his hopes for a second term." Sounds like kids voted for whoever lined their pockets the most in the short term.
In a related story . . . http://www.nytimes.com/2012/06/06/education/obama-officials-aim-to-ease-college-cost-process.html?ref=education