Another year, another political fight over student loan rates.
President Obama gathered college students at the White House on Friday to urge Congress to extend a special college loan program before it expires on July 1 and interest rates double.
"Can anybody here afford that?" Obama asked the students surrounding him. "Higher education cannot be a luxury reserved for a privileged few."
Congressional Republicans denounced the Rose Garden event as an exercise in cynicism, stressing that the Republican-run House has already passed a student loan bill; the Democratic-run Senate has not acted.