Obama: Student loan rate a 'no-brainer'

President Barack Obama is urging Congress to stop interest rates on student loans from doubling on July 1, calling it a 'no-brainer'. If Congress doesn't act, interest rates on new loans will double from 3.4 percent to 6.8 percent come July. (June 21)

President Barack Obama is urging Congress to stop interest rates on student loans from doubling on July 1, calling it a 'no-brainer'.  If Congress doesn't act, interest rates on new loans will double from 3.4 percent to 6.8 percent come July. (June 21)

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