by The Modernista on Apr. 24, 2012, under
Arne Duncan,
Barack Obama,
Congress,
Consumer Financial Protection Bureau,
Economy,
Federal Reserve,
Interest rate,
Mitt Romney,
Republicans,
Student debt,
Student loans
President Barack Obama is asking Congress to consider extending a 2007 authorization which enables students to benefit from an especially low interest rate on their loans. Student debt has now topped $1 trillion, the second largest debt after mortgage loans according to figures released by the Consumer Financial Protection Bureau and the Federal Reserve.
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