Alumni Association

University of Colorado Boulder

President Obama visit April 24

President Obama to Travel to North Carolina, Colorado and Iowa, Calling on Congress to Prevent Student Interest Rates from Doubling

President Barack Obama speaks at the Coors event center - Photo by M. Douglas Wray

President Barack Obama speaks at the Coors event center on the CU-Boulder campus April 25, 2012

WASHINGTON, DC – On April 24-25, President Obama will travel to North Carolina, Colorado and Iowa to launch an effort to get Congress to prevent interest rates on student loans from doubling in July. More than 7.4 million students with federal student loans will see their interest rates double on July 1 unless Congress steps in to keep them low. For each year Congress allows the rate to double, the average student with these loans racks up an additional $1,000 in debt. At a time when Americans owe more on student loans than credit cards, President Obama believes we must reward hard work and responsibility by keeping interest rates on student loans low so more Americans get a fair shot at an affordable college education, the skills they need to find a good job, and a clear path to middle class.

Michelle Obama speaks at CU - Photo by M. Douglas Wray

Michelle Obama speaks to enormous crowd on Farrand Field on the CU campus

On Tuesday, President Obama will visit the University of North Carolina at Chapel Hill and the University of Colorado Boulder. On Wednesday he will visit the University of Iowa. At each stop he will speak with students about the critical need for Congress to act.

The White House will also kick off a social media effort using Twitter, Facebook, and Google+, centered around the hashtag #DontDoubleMyRate.

The President’s student loan interest rate efforts will continue throughout the spring and early summer until Congress passes legislation to keep interest rates low and continue to give students the chance to get the college education they need for the jobs of today and tomorrow.

Additional details about President Obama’s trip, including press credentialing information, will be released as they become available.

Here’s some photos from the event:

Flickr is currently unavailable.

Here’s NewsTeam Boulder’s video of the entire speech.

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