Student Loans Likely to Become Election Issue by RELEVANT April 20, 2012 Unless Congress acts, the interest rate on student loans will double this July 1, going up to 6.8 percent. President Obama is pushing Congress to avoid the hike, though doing so for one year would likely cost the federal government $6 billion … 2 Comments This Is the Dumbest Political Issue Previous Article Activism Is Nothing But a Number Next Article