In education circles it's called concurrent enrollment. Your high school student might know it as SUPA. It's Syracuse University Project Advance, and it's celebrating its 40th birthday, with enrollment skyrocketing in recent years.
Federal Stafford Loans allow students to defer student loan payments while attending school full-time. Although current interest rates hold at 3.4%, they are set to double on July 1st as a result of the expiration of the 2007 College Cost Reduction and Access Act.
Speaking on the steps of Syracuse University on Monday, Senator Schumer pledged to put his weight behind a bill to keep student loans at their current rate for another year.
"It is now a greater burden than almost any other lending burden around," Schumer said. "For the federal goverment to charge 6.8 percent at a time when interest rates are so low, is almost highway robbery."