SHAHEEN: CONGRESS MUST COME TOGETHER TO STOP INCREASE IN STUDENT LOAN INTEREST RATES

Senator Shaheen (D-NH) spoke on the Senate floor urging Congress to find a bipartisan solution to avoid an increase in student loan costs. New Hampshire already has the highest average student debt in the nation at $31,408 per student. That could increase by a combined total of $30.5 million if Congress does not stop interest rates on subsidized Stafford Loans from increasing from 3.4% to 6.8% on July 1. (May 9, 2012)