Obama warns of congressional inaction on student loan bill
Source: Washington Post
With a July 1 rate increase on education loans approaching, President Obama told students here on Thursday that it is Congress’s job to move swiftly to prevent the rise, even as Republicans in Washington accused him of ignoring their most recent proposals and refusing to negotiate.
Speaking at the University of Nevada at Las Vegas, Obama delivered a new broadside against Congress for not passing key pieces of his job creation plan and warned of the consequences of congressional inaction on the student loan issue: an increase of $1,000 on the average federally subsidized Stafford loan for more than 7 million people. He urged students to call, e-mail and tweet lawmakers to force action.
“How many people can afford to pay an extra $1,000 when you’re a student, just because Congress can’t get its act together?” Obama said. “This is a no-brainer. .?.?. Get it done.”
As Obama spoke, Senate Majority Leader Harry M. Reid (D-Nev.) in Washington offered a new proposal to break the impasse on the matter, an attempt to shut down Republican complaints that Democrats have failed to advance new ideas in response to a GOP offer sent a week ago.
Read more: http://www.washingtonpost.com/politics/obama-warns-of-congressional-inaction-on-student-loan-bill/2012/06/07/gJQAqgLDMV_story.html
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Add to that this bullshit interest rate hike and I'm facing an ass ton of debt.. 
