Will Congress invest in the future of higher education ?
Today is the day when Congress will decide if it is worth it or not to pass legislation that will prevent the interest rates on federal student loans from increasing. I am preparing for the worst and hoping for the best. I find it frustrating that nothing is even being brought up, since Congress is now in recess. It used to be said that federal debt was a problem for future generations. But no longer. The interest alone will become a federal agency as large as the Pentagon in 10 years. Unless we young Americans actively control the debt over the next two decades, the economic damage will be incalculable. With tuition prices rising each year and interest rates rising back to 6.8 percent, paying for college just became a nightmare for many out of state students like me.