Obama's Student Loan Rate Proposal Saves Average Borrower 25¢ Per Day...

◼ Despite tweets from the White House that seem to suggest the savings are annual ("Last year, President Obama helped students save an average of $1,000 on their college loans"), the footnote to the chart explains that the savings assumes the borrower "repays the loans over the expected period of 12 years." A savings of $1,126 over twelve years is $94 per year, or about 25¢ a day. - Weekly Standard