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The independent weekly student newspaper at the University of Louisville since 1926. February 26, 20 13 Vol. 87, lssue22
THE LOUISVILLE CARDINAL
WWW.LOUISVILLECARDINAL.COM
• e ••• e e • e e • e •• e ••• e •• e •• e e e • e • e e e e • e e e e e e e e e e e e • e • e e •••• e e • e • e •••• e e e e • e e e e II e e e •• e e e e • e e • e e •••• e e • e • e e e e e e e e e e ••• e e e •• e e e •• t
Campus Progress and the battle
of the bulging interest rates
Anna Meany
FEATURES EDITOR
The growing tension of college students and recent
graduates seeking to pay off their loans has become
the motivation for Campus Progress, an online group
that calls themselves "young people working for progressive
change."
In pursuit of higher education, many students are
forced to take out federal and private loans to pay for
schooling. Unfortunately, these loans haunt students
with rising interest rates and a lack of jobs that can pay
off this debt.
Campus Progress, based at carnpusprogress.org, is
leading the fight against student loans and debt, offering
webinars and campus events to spread awareness about
refinancing, what they call a "pragmatic solution" to this
exponential problem.
Refinancing allows those . with loans to pay with a
lower interest rate than originally agreed. According to
carnpusprogress.org, student interest rates remain at a
very high 6.8%, while other federal loans are at an alltime
low.
Interest, page 3
Interest rates on federal loans
Student loans have higher interest rates
than other types of government debt
8%
6% ____ __;;;;,~._,_ ___________ _
5%
4% ~-"'--~-"-""•
3%
·~~~------~"-"=-~---
2% - lJ nsubsidllzed student
Stafford loan
1% '- 30~ye~rflxed~rate mortgages
o I_ tO-year Treasury note
2:006 2007 2008 2:009 2010 2:011 2012 Jan. 3,
2012
Object Description
| Title | The Louisville Cardinal, February 26, 2013. |
| Volume | 87 |
| Issue | 22 |
| Description | The University of Louisville’s undergraduate newspaper. The title of this publication has varied over the years, but with the exception of the period 1928-1930, when it was known as the U. of L. News, the title has always been a variation of The Cardinal. |
| Subject |
Newspapers College student newspapers and periodicals University of Louisville--Students--Periodicals |
| Date Original | 2013-02-26 |
| Object Type | Newspapers |
| Source | Scanned from the original issue, Louisville Cardinal newspapers collection. Item Number ULUA Cardinal 20130226 |
| Citation Information | See https://digital.library.louisville.edu/cdm/description/collection/cardinal#conditions for guidance on citing this item. To cite the digital version, add its Reference URL (found by following the link in the header above the digital file) |
| Collection | Louisville Cardinal Newspapers Collection |
| Collection Website | https://digital.library.louisville.edu/cdm/landingpage/collection/cardinal |
| Digital Publisher | University of Louisville Archives and Special Collections |
| Date Digital | 2019-01-25 |
| Format | application/pdf |
| Ordering Information | To inquire about reproductions, permissions, or for information about prices see: http://library.louisville.edu/archives/order. Please cite the Image Number when ordering. |
| Image Number | ULUA Cardinal 20130226 |
| Rating |
Description
| Title | 20130226 1 |
| Full Text | The independent weekly student newspaper at the University of Louisville since 1926. February 26, 20 13 Vol. 87, lssue22 THE LOUISVILLE CARDINAL WWW.LOUISVILLECARDINAL.COM • e ••• e e • e e • e •• e ••• e •• e •• e e e • e • e e e e • e e e e e e e e e e e e • e • e e •••• e e • e • e •••• e e e e • e e e e II e e e •• e e e e • e e • e e •••• e e • e • e e e e e e e e e e ••• e e e •• e e e •• t Campus Progress and the battle of the bulging interest rates Anna Meany FEATURES EDITOR The growing tension of college students and recent graduates seeking to pay off their loans has become the motivation for Campus Progress, an online group that calls themselves "young people working for progressive change." In pursuit of higher education, many students are forced to take out federal and private loans to pay for schooling. Unfortunately, these loans haunt students with rising interest rates and a lack of jobs that can pay off this debt. Campus Progress, based at carnpusprogress.org, is leading the fight against student loans and debt, offering webinars and campus events to spread awareness about refinancing, what they call a "pragmatic solution" to this exponential problem. Refinancing allows those . with loans to pay with a lower interest rate than originally agreed. According to carnpusprogress.org, student interest rates remain at a very high 6.8%, while other federal loans are at an alltime low. Interest, page 3 Interest rates on federal loans Student loans have higher interest rates than other types of government debt 8% 6% ____ __;;;;,~._,_ ___________ _ 5% 4% ~-"'--~-"-""• 3% ·~~~------~"-"=-~--- 2% - lJ nsubsidllzed student Stafford loan 1% '- 30~ye~rflxed~rate mortgages o I_ tO-year Treasury note 2:006 2007 2008 2:009 2010 2:011 2012 Jan. 3, 2012 |
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