Today the interest rates on government-backed student loans are set to double if Congress does not act. Currently, low- and middle-income pupils may take away federal loans—called Stafford Loans—at a price of 3.4 %. Today, under present legislation, this price increases to 6.8 percent—a price which will make payment on pupil financial obligation even more hard than it really is currently. PLUS loans, that are granted to parents and graduate pupils for a price of 7.9 per cent, can be more pricey, too. If Congress will continue to stall, an incredible number of university students will dsicover their future loan obligations increase substantially, putting further stress on future graduates who currently face a bleak employment market.