With overall interest rates still at historically low levels, will Congress really permit the cost of a student loan to double, from 3.4 percent to 6.8 percent on July 1? That appears to be the plan, the many students in need of such financial assistance joining the long line of those caught in the gridlock of Washington.
Actually, Congress prevented the rate increase a year ago, extending the temporary reduction in the interest rate. Little has changed since then, college remaining expensive and indispensable in many ways. Why throw up a hurdle, or add to the burden of debt, when the objective should be making a college education more affordable?