William Bennett : Lowering interest on student loans does n't bring down college costs . Comment: The issue has become the newest political cudgel . Furthermore , only about a third of undergraduates have subsidized Stafford Loans and the interest rates for existing loans wo n't be touched . He asks : How does President Obama plan to pay for the $ 6 billion subsidy ? Bennett : Government needs to stop subsidizing low interest rates .
William Bennett : Lowering interest on student loans does n't bring down college costs . Comment: The issue has become the newest political cudgel . He asks : How does President Obama plan to pay for the $ 6 billion subsidy ? Bennett : Government needs to stop subsidizing low interest rates .