DES MOINES, IA (05/08/2012)(readMedia)-- State Treasurer Michael L. Fitzgerald hosted five Iowa College Student Body Representatives in his office to join a call with President Obama regarding the potential interest rate hike for student loans. Public officials and students across the country joined together to support the President in his efforts to keep the student loan interest rates from doubling on July 1st.
Treasurer Fitzgerald invited student leaders from colleges across Iowa to participate in the discussion. The following students were able to join him on the call: Justin Meyers, Grandview College in Des Moines; Greg Ellingson, Central College in Pella; Jordan Bancroft-Smithe, the University of Northern Iowa in Cedar Falls; Jared Knight, Iowa State University in Ames; and David Karaz, Drake University in Des Moines.
"It is great to have students actively involved in this conversation," Fitzgerald stated after the call. "Students need to use their voices to encourage their Congress Members to act. I am proud to have such high quality students here in Iowa representing all Iowa students."
President Obama urged the students on the call to get involved and ask Congress to act. "I need your help," the President explained.
"It's really great that President Obama took the time to talk with us and many other student, municipal and state leaders about the potential impending doubling of federally subsidized student loan interest rates. Here in Iowa, especially with the current "Brain Drain," it is imperative to the future of Iowa's economy that interest rates stay as low as possible. Iowa college and university students are leaving school with the highest levels of debt in the nation. If interest rates were to double, more students will be forced to leave Iowa in order to pay off those loans."- Jordan Bancroft-Smithe, Student Body President, University of Northern Iowa
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