Obama, GOP battle over student loans, young voters

President Obama and the Republicans wrestled today over student loans and a key demographic group of voters who use them: Young people.

Tipping off a two-day tour of college campuses, Obama called on Congress to renew a low-interest loan program before it expires July 1 and leaves about 7 million students facing higher college costs.

"The interest rates will double unless Congress acts by July 1," Obama told an enthusiastic crowd of students at the University of North Carolina at Chapel Hill. He said lawmakers need to stop the rates "from shooting up and shaking you down."


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