ELIZABETH — On May 7, President Barack Obama held a conference call to discuss college affordability and the need for Congress to prevent the interest rates on federal students loans from doubling. Participating in the telephone conference with Obama were Elizabeth Mayor Chris Bollwage, Senator Raymond Lesniak, Kean University President Dawood Farahi, and college students from the area.
Cincinnati Mayor Mark Mallory said local college student leaders warned President Obama about the dangers of the possible increase in interest rates on student loans. Obama said, “If Congress doesn’t act by July 1, interest rates for federal student loans will double.”
“Access to affordable education prepares students for lifelong success,” said Massachusetts Gov. Deval Patrick. “Now isn’t the time to make college more expensive.”
Also joining in the call were Mayor Angel Taveras of Providence, Rhode Island; Mayor Jim Suttle of Omaha, Nebraska; and Mayor Michael A. Nutter of Philadelphia.
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