Admissions director dishes on loan rates - KMSP-TV

Admissions director dishes on loan rates

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As President Barack Obama urges Congress not to double the interest rates onfederally subsidized student loans, FOX 9 News spoke with Hamline University'sdirector of admissions, Milyon Trulove, about how schools are preparing andwhat the switch would mean for them.

New numbers out this week don't paint a rosy picture for graduates. In fact,at no time in the past 11 years has it been tougher for someone under 25 with abachelor's degree to get a full-time job. With 53 percent of that group joblessor unemployed, that means 1.5 million people are affected.

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