Slow Jams: Obama Takes the Student Loan Rate Fight to Late Night
With the interest rates for federally subsidized students loans set to climb to 6.8 percent—twice the current rate—if Congress doesn’t pass legislation before the July 1 deadline, the push to spur action is taking some election year twists. At an event on the campus of the University of North Carolina Tuesday, President Obama taped a segment for “Late Night with Jimmy Fallon” in which the “POTUS with the mostest” joined the comedian in “slow-jamming” the financial aid news.
On the Republican side of the aisle, front-runner Mitt Romney also has moved toward courting the student vote, recently noting that he too favors maintaining the lower interest rates.
With both presidential candidates in agreement on the need to keep the rates low, how likely do you think Congress is to act before the deadline? Is this recent PR push driven more by the need to beat that deadline or the desire to court college-age voters?
This post originally appeared on EWA’s now-defunct online community, EdMedia Commons. Old content from EMC will appear in the Ed Beat archives.