Well, college students from around the country delivered 130,000 letters to Congress on Tues. The letters all ask Congress to act before student loan rates increase on July 1. President Obama has been urging Congress to not let the rates rise. Affordable eduction, he argues, is necessary if we wish to have an informed, capable work force in the future. The current lower rate is a result of 2007 Democrat-supported regulation that is due to expire. Republicans in Congress say the move is too costly. Democrats say it is only fair. Actually, student loan is somehow attractive for many reasons. That is why it is a great business for debt collectors and investors. Student loans cannot be discharged in bankruptcy. The debt can also be be paid for with wage garnishments and other forced payments that are simply not available for most other types of debt. Source of article: Undergrads rally in D.C. to protest student loan hikes.