There have been three speeches that President Obama has made to encourage Congress from doubling of student loans interest rates. I listened to our President’s speech and it really feels good to know that he can relate to having student loans because all of us don’t have money to just pay for school. Those that have the money to pay for school are very fortunate but, it is sad that the fortunate ones don’t understand what it is like to not have money to just pay for school. Being low to middle class and having to pay more interest on our students is going to be really tight for some. I know so many people that have a lot of student loan debit and over that time period to pay it back is going to be doubled that amount that would have been paid. I really thank our President for addressing this increase in such detail.
This topic was picked because I know like me many of you have to get student loans. It really hit home for me because to pay for school out of packet is very hard. When I didn’t have any kids it was hard then and now being a full time mother, working, and part time student is even harder so, I’m very grateful to be able to get grants and loans to attend school. Without financial aid I would not be able to attend school now. I plan to call our local Congressman and tell them “Don’t double my rate!”
