[andyk]

According to Mr. Obama, “Five years ago, Congress cut the rates on federal student loans in half. That was a good thing to do.

Wouldn't that make them the Bush rate cuts?

So now I understand. When the Bush tax cuts were to expire, we weren't going to be increasing taxes; we were just returning rates to where they were.

Now that we're talking about a big government plan, which liberals and moderates alike love, it's "increasing the rates for students".

[NaturalBornConservative]

Yeah, exactly!

[NaturalBornConservative]

Per the Federal Reserve Bank of New York, 27% of Student Loans are currently "Past Due". So does Obama's new bandaid fix the problem, or just mask it for another year? 'We don't understand, your rate is the same as it was last year, but 27% of you are still in default.' One day we'll get some permanent change around here. [Reuters]