Take Two®

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Obama urges Congress to stop increase in student loan rates

by Take Two®

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US President Barack Obama speaks on student loans on May 31, 2013 in the Rose Garden of the White House in Washington, DC. MANDEL NGAN/AFP/Getty Images

President Obama is expected to address the nation about the topic of student loans. Interest rates on government-backed college loans are set to double July 1, unless Congress agrees on a fix before then.

President Obama has threatened to veto a House-passed bill that would let the cost of student loans go up and down with the market.  

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