For those of you older folks who
may not get the joke, many college students
notoriously live off Ramen noodles because they
are cheap, quick meals. Now they may need to
resign themselves to all-Ramen diets.
College loan interest rates are set to jump from
3.4% to 6.8% unless Congress enacts a plan by
July 1st. The GOP wants to uncap and raise loan
rates significantly, while Democrats want to
keep them around 3.4%. Disappointingly,
President Obama also wants to uncap and raise
rates, though to a lesser extent than the GOP
plan.
It is truly suspicious why our "leaders" are
actually trying to discourage access to higher
education. Perhaps they want workers to fill the
many low-wage, post-recession jobs?