FIRSTPOST YOUSPEAK
Sunday, May 19th 12:52 AM IST
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U.S. Congress IMAGE.
WASHINGTON, DC - JUNE 21: U.S. President Barack Obama (L) urges Congress to pass legislation that would keep federal student loan rates from doubling during an event with Education Secretary Arne Duncan in the East Room of the White House June 21, 2012 in Washington, DC. The White House warned that if Congress doesn't act, subsidized student loan debt would double to 6.8 percent on July 1, affecting nearly 7.4 million people who currently hold loans like Pell Grants and Stafford loans.

WASHINGTON, DC - JUNE 21: U.S. President Barack Obama (L) urges Congress to pass legislation that would keep federal student loan rates from doubling during an event with Education Secretary Arne Duncan in the East Room of the White House June 21, 2012 in Washington, DC. The White House warned that if Congress doesn't act, subsidized student loan debt would double to 6.8 percent on July 1, affecting nearly 7.4 million people who currently hold loans like Pell Grants and Stafford loans.