By Richard Bammer
Rep. John Garamendi said there is a “cloud” over today’s college students.
In scientific terms, the type of cloud would be cumulonimbus, a dense, towering, vertical cloud, the biggest.
But in financial terms, which American college students are more likely to think of first, the cloud is student loan debt, and it is also dense, towering and vertical, like a stack of freshly minted dollar bills.
Student college loan debt is more than $1 trillion, Garamendi, D-Solano, noted during a noontime press conference Tuesday at the University of California, Davis, during which he formally announced that he plans to introduce a bill that would ease student loan interest rates.