This is a great article from our friend Camille Rivera, the executive director of UnitedNY AND a mother whose daughter would be affected by the July 1st student loan interest rate hike. Rivera writes:
"The statistics are overwhelming. College tuition and fees are almost six times higher than they were in 1985, while consumer prices have only doubled in that time. According to the College Board, between 2002 and 2012, in-state tuition and fees at public four-year colleges and universities increased at an average rate of 5.6 percent per year beyond the rate of inflation. And CNN reported that tuition at the average public university increased eight percent in the last year and is expected to go higher. ...Students' only hope is that Congress gets its act together to keep student loan interest rates low, and that President Obama makes good on his promise to cut funding to colleges that don't rein in tuition costs."
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