April 27th, 2012
03:02 PM ET

Will fight over college loans impact the battle for younger voters?

Americans owe a staggering one trillion dollars on their college loans–and paying those loans back may get significantly more difficult for a significant portion of those college graduates in July. Interest rates on newly-issued Stafford loans are scheduled to double.

President Obama, who visited the young-voter-friendly territory of late night TV this week, urged college students and grads with loans to tweet about the hike with the hashtag "#Don'tDoubleMyRate.

And yet Friday, The White House said President Barack Obama would veto a Republican measure passed by the House to extend lower interest rates on federal student loans. Why? Because it takes money from a health care fund that benefits women.

A White House statement said Obama's senior advisers would recommend a veto if the House measure, which passed 215-195 on a largely party-line vote, were the effort to win Senate approval and reach the president's desk.

Tonight on Erin Burnett OutFront, a look at the student loan debate, and a new idea on the underlying issue: ensuring opportunity for all Americans to get a higher education. Join us OutFront tonight at 7 p.m. ET on CNN.

Filed under: Economy
soundoff (3 Responses)
  1. Katie O'Neill

    I was appalled to hear about the mafia tactics hospital debt collection agencies are taking to get medical bills paid. How low can they get to actually harrass patients in pain in the emergency rooms and badger them to pay their hospital bills, while they are actually waiting for treatment and in pain. Do we not have legal protection from this harrassment? It is disgraceful and shameful that poor, old people who are living on fixed incomes and who are in the emergency room probably alone, and suffering, can have a debt collector at their bedside yelling for his money. Is this the best America can do?

    April 27, 2012 at 8:19 pm | Reply
  2. Amir


    Here it is......I never knew what the name was. I just used to see it around all the time.

    April 27, 2012 at 8:05 pm | Reply

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