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>> TOM HARKIN Latest News

JUL 10, 2013 - American Spectator

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Restraining the Student Loan Monster

The ominous July 1 deadline, after which subsidized Stafford loan interest rates double, has now passed. The student loans monster has been unleashed. Maybe the monster doesn’t have teeth or talons, however. There are several reasons why the doubled interest rate isn’t quite the threat many say it is, according to some economists. Neal McCluskey, associate director of Cato’s Center for Educational Freedom, suggests the damage won’t be catastrophic. “It’s wrong to look at this as it’s typically portrayed as some sort of Armageddon for college students,” McCluskey said. “Its immediate ... Read More

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