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Sequester triggers increased fees on federal student loans
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Perry Chiaramonte talks to the father of two college students about the impact of the hikes
- Duration 5:14
- Date Mar 15, 2013
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Perry Chiaramonte talks to the father of two college students about the impact of the hikes
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Welcome back to on the -- -- Jonathan -- the sequester.
-- may not be beginning to bite depending on who you -- to -- -- of -- of Fox News is on set with me here.
-- with a story all of a place where it does appear to be biting -- Yes I'm recently students and their parents receive letters from -- education for the federal direct plus loans for college.
The percentage has gone up for fees.
It's a slight increase but the letters.
-- directly blame the sequester.
Where the increase.
Really ended so wouldn't want to what sort of figures -- we talking about what effect has this -- well it's 4% fee attached to a loan.
From 4% to four point two news Pretoria type -- loans that are.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- It's another fee.
And why people feel kind of slighted by the government that they're being used -- points and it commodity.
Let's let's bring in one of those parents are Russell showed -- I was a father of -- -- not believe it should do look up news that.
To dole is Russell congratulations on -- -- getting them -- into college.
But that this is just starting to cost you all good bit more significant difference.
All its not.
You know tremendous amount.
Parent going so.
Every -- any count salute.
Blame them you know something wrong sequester.
Miniscule percentage of our national budget -- they're.
Dealing whereas here.
And a ridiculous.
-- the fans are very.
They don't want to make the common person hurt to make sure you know we're you know who have watched.
Response.
Would that would what are your what your daughters said about it they -- and they pretty upset about this.
Well.
Are not happy about it that are you know.
I've dealt mostly what was -- to vote for them.
-- or our profile owners.
You know directly affect personal or have -- -- -- -- -- -- -- -- -- -- -- -- This one more thing unpopular -- in.
Oh great pro church recover.
Daughters who have -- -- -- Wyatt who.
-- Grotrian there are -- else going out some.
-- terms -- you know all work itself -- The -- say I made it's it's tough for everybody when things start going up obviously like this Russell.
-- -- who do you hold responsible.
Well Obama administration mainly birds that are funny there's plenty of blame to go around Republicans and Democrats.
Both of some of lousy job of taking -- relation of the -- from many many years we've gone back version.
I'm always you know I break him out it was the last -- is presently.
Ever -- send us some of downward spiral.
And gradual amount sticking -- sing them.
You know.
I'm older -- around that much longer.
I fear you know my daughter's room.
-- Trammell -- who wants some of them you know or not.
Remember your legacy in our generation and a lousy job.
You can watch over country him.
I'm -- for -- All right Russell showed you -- to mean by the way Sarah's though you'll be around for a lot longer I certainly.
Hope you well I'm sure you don't is due to -- thank you for joining us and telling you start telling us a story rust showed that great to see over the weekends -- You're Rivera are triggered aren't entirely.
Perry if you are -- was weighing in here Wendy hands and saying I'm not sure what my kids are going to college.
There won't be any jobs for them I can't assist you -- -- most kids would do better going to trade schools say the parents sums of money and they could more easily find decent jobs isn't anyone listening says if quoting from -- 2% reduction in government spending -- this government has its fingers in too many things what is that.
Any reaction from officials who are responsible for these.
These kind of decisions being made we try to reach out to officials in Washington and they've they've kind of wanted to sit back from the issue that it wanna.
There's going to do you tell me the comment.
Not surprisingly so -- wants is from a politicians as usual thank you Washington well done.
He should be proud a great weekend -- -- among tea folks stays at thanks for being upset with us.