In an attempt to woo young voters, President Obama is on a three-state campaign blitz to keep the cost of college loans from soaring for millions of students. The three states, Colorado, Iowa and North Carolina, all coincidentally are all seen as battleground states in this year's presidential election.
Obama is attempting to lure young middle-class voters by appearing to want to tackle the rising cost of college tuition and student loan rates that will double in July if Congress doesn't take action.
Recognizing the importance of this group of voters, the presumptive Republican nominee, Mitt Romney too is advocating for lower financing charges so that students are strapped with enormous debt following graduation.
But as Lou explained on FOX Business earlier today, something needs to be done about the depreciating value of a college degree while at the same time tuition fees surge well beyond any intelligent measure.