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President Obama will speak this afternoon at the University of Colorado Boulder, part of a swing-state campus tour designed to pressure Congress into extending low-interest rates on federal student loans. The rates are set to double in July.
With Mitt Romney, Newt Gingrich and Rick Santorum all in Colorado Monday to campaign in advance of Tuesday's caucuses, Democrats brought in a big gun of their own. National Democratic Chair Rep. Debbie Wasserman Schultz, R-Florida, participated in conference calls with reporters on Friday and again on Monday.
Student loan defaults are on the rise, according to a new federal tracking system. For students who began repaying their loans in 2008, 13.8 percent have since defaulted. For profit institutions had 25 percent of their graduates defaulting after three years, and public four-year colleges had 10.8 percent of their graduates defaulting after three years.