There are times, when writing about the political world, when it is impossible not to feel like I am trapped inside a Jonathan Swift satire. This is one of those times. Real life and farce blur into one, and we all pretend this is normal. Sigh.
On 7/1/12, interest rates on subsidized Stafford student loans will double if Congress does nothing. Borrowers taking out $23,000 in loans will see their interest balloon by an estimated $5,000 over a 10-year repayment period.
Do your best to read every bit of bank paperwork that comes your way, and take responsibility for understanding your account terms. If you don't understand something, or don't like a new fee, don't wait to ask about it.