Warren: Allowing Student Interest Rates To Double Is Morally Wrong
Senator Elizabeth Warren of Massachusetts is calling on Congress to take steps to prevent interest rates on student loans from doubling on July 1st.
Warren says Senate Republicans have so far blocked legislation that would allow interest rates on Stafford Loans to remain at 3.4%.
Without any action, the interest rates will climb to more than six percent. Warren says Congress should be putting young people first
Warren and Congressman John Tierney are holding a forum Monday morning at Northeastern University to discuss the student loan issue.