Increasing the interest rate from what to what? And does that "double the amount they have to pay back"?
Perhaps they will consider the cost before they borrow more than is necessary. Or actually get a job while a student like many do so they don't have to borrow so much. Or complete a degree in 4 years.
Somehow I don't think this is a life altering issue.
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013