How do we make Student Loan Interest Rates go back down?

May 27, 2010, 8:19 am
Question
At this point in time, I can get a mortgage at a fixed 6.75% interest rate. Why is the national average for a new Student loan higher than that? What can we do to change it?
Answer
Elect a Democrat. The House just recently passed legislation to lower student loan interest rates from 6.8% to 3.4%. Bush opposes it.





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