Romney Endorses Plan to Prevent Doubling of Student Interest Rates

Today presidential candidate and Republican Mitt Romney endorsed Obama’s plan to prevent interest rates on subsidized Stafford student loans from doubling this summer on July 1 for nearly 7.5 million students. Without Congressional action, interest rates will increase from 3.4 percent to 6.8 percent. 

“We applaud Governor Romney’s support,” stated Rich Williams, higher education advocate for the U.S. Public Interest Research Group.  “His endorsement should signal to Congress that this is a common sense, non-partisan proposal.”   

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