Obama: GOP needs to prevent doubling of student loan rates

President Obama is urging Congress to extend low interest rates on federal student loans.

“In America, higher education cannot be a luxury; it’s an economic imperative that every family must be able to afford,” Obama said in his weekly address. “That’s why next week I’ll be visiting colleges across the country, talking to students about how we can make higher education more affordable – and what’s at stake right now if Congress doesn’t do something about it.”

The White House began pushing the student loans issue on Friday when Secretary of Education Arne Duncan appeared at the daily press briefing, and the president will visit colleges in North Carolina, Colorado and Iowa next week.

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