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Sunday, May 5
The Indiana Daily Student

Cut in loan interest rate is a great start

In response to "High concern with low interest," Jan. 26:\nAs someone who is financing the majority of my college education, Congress's announcement of a plan to cut the interest rate on student loans to 3.4 percent was music to my ears. Many students of all economic backgrounds invest in their education by taking out student loans. Unfortunately, these same students are severely burdened by loan repayment soon after graduation, preventing them from pursuing certain public-interest careers. This reduction in interest will open more doors for tomorrow's college students and relieve the burden faced by today's.\nThat said, there is still much to be done in making higher education more affordable, and that includes increasing the federal Pell Grant to $5,100 per semester.\nAny steps the new Congress can take to relieve the burden of borrowing money for a higher education are steps in the right direction.\nBrendon Liner\nJunior

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