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Playing Politics With Student Debt

Source: New York Times Posted By: Erin H...2665 days ago

THIS summer, more than nine million undergraduates will take out an average of $6,700 each in federal loans to pay for college next year. They will borrow, on average, $24,803 to earn their degrees. While this continues to be one of the smartest investments they will ever make, Congress should take one step toward making it an even smarter one.

We have introduced a proposal that would get rid of the confusing and arbitrary way interest rates are determined on federal student loans, and instead....

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