I would like to know what X is as well.

Sargastic Irrevalence

On July 1st 2012, student loan interest rates are scheduled to increase from 3.4% to 6.8%. Neither the Democrats or Republicans think this is a good idea. It’s one of those no-brainers where both sides can agree that it doesn’t benefit the country to make it more difficult for students to get an education. The question is where the money is going to come from to keep the interest rate low. My question is, where is it coming from now? Why is it set to increase in the first place?

I’m not really understanding the issue from this perspective, so I can only assume that somewhere along the line someone “planned” on using this money for something else. They must have said to themselves, “when this interest rate increases, we’re going to use the extra revenue to pay for X.” I have no idea what X is, or how important…

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