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Saturday, July 30, 2011

All Education Matters: Debt Ceiling Fiasco and Student Loans

All Education Matters: Debt Ceiling Fiasco and Student Loans

Debt Ceiling Fiasco and Student Loans

As AEM has been reporting, the debt ceiling disaster will have a direct affect upon interest rates on student loans. On the floor today, Senator Harkin called the situation a "manufactured crisis." That is true, and pathetic, because millions of Americans will, undoubtedly, pay a price. Most politicians on the floor are now confirming that a downgrade is probably inevitable.

Reuters has put out a great piece on how a fallout from a downgrade will affect average Americans, and one of