ALBUQURQUE (KRQE) - Millions of college kids across the country will soon have higher interest rates on their student loans.
And students KRQE News 13 spoke with Wednesday at UNM say it is not fair.
The interest rates on student loans subsidized by the government will most likely double to 6.8 percent on July 1st.
The increase will affect one-third of all undergrad students who have subsidized loans that are awarded based on economic need.
UNM students say there's just no way that will work for them.
"They're just trying to make it harder it seems like for anybody to be able to go to school and afford it," Ashley Walker said. "We have to look at our futures and we can't do that when we're faced with so much debt."
"Impossible, impossible I'm barely squeaking by with bills and everything else with just a regular 9 a.m. to 5 p.m. job," Daniel Pattinson said.
Congress and the white house agree something should be done to prevent the increase, they just can't agree on how to do it.
UNM reacts to student loan rate increase