student loans. remember, the rate doubled after lawmakers failed to compromise. erin is live. what do we know? reporter: chris, college students and their parents need to know that these interest rates are going up, doubling. and the senate today at noon is going to vote on whether to begin to debate harry reid s proposal that would cap interest rates at 3.4%. in the meantime, college students are stuck in limbo. i do worry that i ll have a problem finding a job. and if i have a problem finding a job, well, there you go. i can t pay back my loans. reporter: college students all over the country just like georgetown university s brandon anderson are getting slapped with higher loan rates. if congress doesn t act fast, anderson says he ll have to bay a whopping $4,000 more after graduation. right now, about 7 million students who take out federally subsidized student loans will see their interest rates jump
underand it it. a few out of high school, yes. you didn t go to college. i don t want to go to college really. politicians in washington love to push the importance of higher education. higher education is not a luxury. it is an economic imperative that every family in america should be able to aa ford. but for many skilled workers there is another path to the american dream. like matt. had to start some where and work my way up to get a better paying job. do you have a house and a family? yes, yes. you must have a lot of peers that are either in jobs or possibly looking for jobs. what are you hearing from them? i have a brother right now. that just got out of a college with a master s degree and he is having a problem finding a job in his field. his brother with a master s degree can t find a job in his field but matt since he is a skilled worker has never had to look for work.
they have to pay that much because these workers are in high demand. you had many job offers as i underand it it. a few out of high school, yes. you didn t go to college. i don t want to go to college really. politicians in washington love to push the importance of higher education. higher education is not a luxury. it is an economic imperative that every family in america should be able to aa ford. but for many skilled workers there is another path to the american dream. like matt. had to start some where and work my way up to get a better paying job. do you have a house and a family? yes, yes. you must have a lot of peers that are either in jobs or possibly looking for jobs. what are you hearing from them? i have a brother right now. that just got out of a college with a master s degree and he is having a problem finding a job in his field. his brother with a master s degree can t find a job in his field but matt since he is a skilled worker has never ha
they have to pay that much because these workers are in high demand. you had many job offers as i underand it it. a few out of high school, yes. you didn t go to college. i don t want to go to college really. politicians in washington love to push the importance of higher education. higher education is not a luxury. it is an economic imperative that every family in america should be able to aa ford. but for many skilled workers there is another path to the american dream. like matt. had to start some where and work my way up to get a better paying job. do you have a house and a family? yes, yes. you must have a lot of peers that are either in jobs or possibly looking for jobs. what are you hearing from them? i have a brother right now. that just got out of a college with a master s degree and he is having a problem finding a job in his field. his brother with a master s degree can t find a job in his field but matt since he is a skilled worker has never ha
underand it it. a few out of high school, yes. you didn t go to college. i don t want to go to college really. politicians in washington love to push the importance of higher education. higher education is not a luxury. it is an economic imperative that every family in america should be able to aa fo. but for many skilled workers there is another path to the american dream. like matt. had to start some where and work my way up to get a better paying job. do you have a house and a family? yes, yes. you must have a lot of peers that are either in jobs or possibly looking for jobs. what are you hearing from them? i have a brother right now. that just got out of a college with a master s degree and he is having a problem finding a job in his field. his brother with a master s degree can t find a job in his field but matt since he is a skilled worker has never had to look for work.