Blog for Iowa writes about our Debt for Diploma System

Blog for Iowa has a nice post about a topic that I have written about a couple times: the rising cost of college. You might think that the Government would do something about this, but no, according the article...

On July 1, interest rates on student loans experienced the greatest jump in history, with the variable rate on common Stafford loans shooting up almost two percent for students and graduates. The rate hike comes as a result of the Deficit Reduction Act of 2005, which was signed into law by President Bush on Feb. 8, 2006 as part of an effort to save the federal government more than $22 billion over the next five years. (By comparison, the Department of Defense spends approximately $8.1 billion a month in Iraq).

Check out my past posts about this topic here and here.