I was born into the lower middle class, and have been there my entire life. I have 3 older siblings who all began getting into legal trouble at a young age. Any savings my parents had went to help paying off their court fines.
My dad was laid off when I was young and my mom worked 3 jobs to keep food on the table. Although my dad ended up finding work eventually, we never really fully recovered from the financial blow.
Halfway through my senior year, my dad died, leaving my mom and I with no savings. College seemed like it was out for me. That’s when my guidance counselor informed me of Financial Aid and Student Loans to help me cover the cost of tuition. Thanks to the loans, it helps me pay my tuition, books, and I have money to afford to live during the school year.
I’m investing in my future by taking out these loans, and if the interest rate is doubled, I’m going to be like my parents—working hard with nothing in return. I’m going to college to avoid that. I thank Obama for his efforts in keeping interest rates down for student loans—without him on my side, I don’t know how I’d be able to afford schooling.
Student loan interest rates go up in 6 days if Congress doesn’t act. Tell them to get to work.