Whether you think this is great news or bad news, President Barack Obama's proposal to extend low-interest student loan rates has been greeted with approval by presumptive Republican nominee Mitt Romney:
Obama is making a full-court press this week to extend low rates on government-subsidized student loans through next year, with stops at universities in North Carolina, Colorado and Iowa over the next several days. On Monday, Romney announced that he also supported the measure even though some Republican lawmakers have opposed it -- marking one of the first significant policies on which the two can agree...The debate over what to do about the nation’s $1 trillion in student loan debt speaks directly to all of those concerns. Many graduates have struggled to find jobs in the tight labor market -- and have fallen behind on their college loans in the process. Another study by Pew found that those debts have made it harder for many young people to buy a home and have affected their career choices. That has prompted rallies at college campuses across the country calling for an extension of low interest rates on federally subsidized Stafford loans.
This is going to be a long campaign, eh?