Sean Simko, Managing Director, SEI Fixed Income Portfolio Management gave the following analysis.

It’s almost an absolute guarantee that when any human being becomes emotional they will make bad financial decisions (not to mention non-financial decisions).

On July 1, the interest rate on new federal subsidized Stafford Loans for undergraduate students doubled—from 3.4% to 6.8%.

This is incredibly empowering information and changes the day to day monotony into a focused means to an end.