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Wilmington, NC (WWAY) — With so many college students on federal loans, the reaction to interest rates possibly doubling has many Wilmington students upset and hoping the President continues to push Congress on extending the current rate.

“I think it’s a really smart political move right now,” said CFCC pre-med student, Zachary Jordan.

Jordan is just one of about seven million American college students using federal aid to pay for school.

According to a recent survey, 65% of CFCC students are on some type of financial aid. Spokesman David Hardin says that number is only going up.

“If they’ve got financial strains, it’s going to be the reason why they’re not going to be able to finish, they may come back later or not finish at all so it’s going to have an impact directly on the students future,” Hardin said.

Students say the President’s push to keep interest rates low has definitely gotten their attention.

“I think it will be a good idea,” said Chloe Coleman. “Don’t raise it, I mean it would be good if we could lower it, but don’t make it any harder for us.”

President Obama also plans to visit college campuses in Colorado and Iowa.

Comment on this Story

  • GuestMan

    All he wants to do is keep it at the current rate. Sort of like the republicans that are actually Social Democrats are trying to do with the tax rate.

  • taxpayer

    he skipped both votes in the Senate on this issue. But today…since he needs these votes…it’s suddenly important.


  • Commonsensenotcommontoday

    Only it’s not cheap. Even the Commies at NPR reported just this afternoon that this is one of the most expensive giveaways the Dems dreamed up.

    We’re fifteen trillion in debt….almost sixty trillion if you count all our unfunded entitlements…..but we want to subsidize people partying for four years and getting a degree in Art History with a 2.1 GPA?

  • Guest33

    Obama does not care about your student loan. He wants to bury you in debt folks that’s name of the game. Now have you heard the all election votes will be counted by a foreign company own by George Soros? Also rural children will be ban from working farm chores,by the Labor Dept. Things are changing under Obama.

  • Erlkoenig

    Jordan and Coleman, don’t fall for Obummer’s trap. You don’t want to be on the hook to the feds. You’ll either wind up wasting away at some pointless government job, or be in their grip till you’ve paid your dues.

  • Guest461

    Got their attention, huh? Too bad Obama can’t run on any “substance”. He continues to milk and massage the needy that just want free sh*t and don’t care anything about their country or how it develops.

    You would think the “wanters” would’ve learned their lesson the first time. You don’t make this country progress by giving things away, you do it by by putting people to work with good jobs, getting the lifetime entitlement recipients of the government dole and helping businesses to feel confident enought to start spending money again.

  • Guestpep

    Obama himself skipped out on voting for this bill he know wants credit for extending…More Hype and Chains no Hope and Change.


  • Guest7969

    can I get a refund on what I had to pay back…This is just another way to keep putting in todays students that the government is here to take care of you…


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