State of the Union Gives Students Hope – The Arkansas Traveler
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State of the Union Gives Students Hope

By • January 26th, 2012 • 10:14 am.

For those of you who  watched the State of the Union last night,  you already know how much Obama spoke of college education and tuition.

Apart from asking Congress to extend the tuition tax credit, he also talked about the need to stop the projected doubling of  student loan interest this summer. So what does this essentially mean for us students? The answer is simple – more money in our pockets.

Keeping student loan interest rates from skyrocketing gives us the opportunity to keep our debt manageable, and the tax credit (up to $2,500) is nothing to complain about.

In the midst of all these great sounding promises, will the changes really happen? For the time being, that’s just a waiting game. As students, we will just have to hope that the plans under Obama will give us a much needed break.

 

  • Jeremy

    “Keeping student loan interest rates from skyrocketing gives us the opportunity to keep our debt manageable…”

    Without that, you would have no choice but to go to school and run up huge amounts of debt.  There’s just no choice — none at all.  If someone else suggested something else, they would necessarily be wrong and should be ignored.  The only possible solution to high student loan interest rates is to dive headlong into debt.