In an earlier post, we mentioned the continued political debate about maintaining the current student loan interest rates at 3.4%, instead of the increase to 6.8%, if Congress doesn’t come to consensus before July 1, 2012. Mark Kantrowitz of FinAid and the Wall Street Journal debate whether the short term gain of low student interest rates, just means the current generation of college students will pay more in the future, as the National Debt may rise.
Are we simply “kicking the can down the road?”
