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Thus your eventual annual cost would be the same if you'd chosen a credit union card bearing an interest rate of 10% (yes, they do exist).
FORBES: Magazine Article
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Democrats blasted Romney for supporting a student loan interest rate extension when he'd previously backed House Budget Committee Chairman Paul Ryan's proposed cuts to the federal Pell Grant program.
CNN: Romney's confusing course correction
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For homeowners to qualify they'd have to be able to afford a reasonable interest rate, and their lender would have to take a haircut on the loan.
NPR: Rep. Frank: Use $300 Billion to Fight Foreclosures