The Campaign for America’s Future says that a huge jump in interest rates in college loan programs will really stick it to those borrowing to go to college. In Arkansas, it reports, students will have to pay $1,981 to $2,683 more for their college loans thanks to the rise. The Republican Congress refused proposals to soften this blow. It doesn’t have much money to throw around because it wants to give billions away by ending the estate tax Let the college kids pay for Welfare for Waltons. If they’re lucky sperms, they could be billionaires someday, too.
News release on jump.