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May 23, 2015

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In Las Vegas speech, Obama to address student loan debate

President to visit UNLV

KSNV reports that President Barack Obama's visit to UNLV will involve covering the issue of the rising cost of education, June 5.

President Barack Obama will urge Congress to prevent student loan interest rates from doubling when he speaks at UNLV on Thursday, as part of his broader push to get Congress to act on his policies.

According to a White House briefing, Obama will direct his administration to “improve students’ information about repayment options, and access to repayment options that can help them make their payments.”

Under current law, 7.4 million students will have their interest rates double on July 1. The White House said this would be the equivalent of a $1,000 tax increase. It’s part of his broader effort to get Congress to pass reforms that he said would create jobs.

One federal program Obama will emphasize is an income-based repayment, which caps borrowers’ monthly payments based on their ability to pay.

Doors are scheduled to open at UNLV’s Cox Pavilion at 10 a.m. Tickets for students and the general public will be available from noon to 4 p.m. on Wednesday at the Cox Pavilion Box Office, the White House said.

Nevada is seen as a key swing state for both President Obama and the presumptive Republican nominee Mitt Romney.

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