Student Loan Interest Rate

One of my peers wrote about the Student Loan Interest Rate.  I also agree.  I hope President Obama does have us as students in their best interest.  Every year the cost of tuition is rising at all schools.  In an article by CNN it stated the sticker price of studying and living on campus at the average public university rose 5.4% for in-state students, or about $1,100, to $21,447 this fall, the College Board estimated.  The chief cause of that increase was a dramatic spike in tuition and fees at hundreds of public universities. Tuition at the average public university jumped 8.3% to $8,244.  When you combine the number of graduates that are unemployed with price of a rising tuition, new graduates start life a negative situation.  Loans can be deferred, but the interest keeps accruing.  The lower interest rate will definitely help debt to income ratios.  Hopefully the price of tuition does not rise as fast and economy becomes stronger and the interest rates can be kept to a minimum.  Lower interest rates may increase the number of students that attend college.  The students of today are the future leaders of this country.  Congress should help the young people become educated as much as possible.