Patch Poll: Is President Obama Right to Push Congress to Freeze Interest Rates on Student Loans?
The president pushed the issue last week at the University of Iowa.
President Obama was in Iowa City last week pushing Congress to pass a $6 billion plan to freeze student loans at a 3.4 percent interest rate. If Congress doesn't act, the rate will rise to 6.8 percent on new loans in July, which translates to roughly a $1,000 per-student increase.
Iowa was a logical place to include on the tour. Iowa's students leave college with $30,000 in student debt, which is third highest in the nation -- and Obama 2012 will be waging war in this battleground state.
What do you think? Should Congress freeze student loans at a 3.4 percent interest rate -- at a cost of $6 billion? Vote in our poll and tell us what you think in the comments section below.