The good news is that lawmakers from both sides of the aisle came together to pass an important piece of legislation that President Obama then signed it into law. The bad news? The legislation will increase the cost of higher education for future college students.

The Senate could vote as early as today on a bill that would allow student loan interest rates to rise sharply within a few years.

When Richard, a retired Air Force officer, went to college in 1960, student debt was not something people worried about. Fifty years later, everything has changed.