SAN DIEGO- On graduation day at Grossmont Community College students worry about their school loans, set to soar 100 percent in just weeks.
There are currently 9 million students who have taken out loans from the government. The current interest rate for a Stafford Loan is 3.4 percent, but if Congress doesn’t act loan rates will balloon to 6.8 percent.
Last year lawmakers extended the low interest rates without issue, but this year the wind has changed.
The political showdown is coming, but it’s unclear if anyone will save the day.
“We want Congress to stop acting like children and do what’s right for the country. We are the future help us help our awesome country,” said Grossmont graduate Jamie Martinez.