As student loan interest rates hit 6.8% on Saturday, the Democrats are trumpeting their plan to cut those rates in half. Such a measure would save the typical student borrower (who they're putting at $17,600 in loans) over $5600 in interest through the life of the loan.
It's not exactly a comprehensive solution, more like a middle-class handout. But why shouldn't these loans be subsidized to be much cheaper than market rate, when the capital for them is underwritten by the federal government?
The Dems also have a forum with testimony now from hundreds of students and parents on student loans.
I've said it before and I'll say it again: i'm happy with anything that saves students money.