The Center for American Progress, Campus Progress and the USAction Education Fund released new reports today that detail what an increase in the interest rate on Stafford student loans would mean for several states.

If Congress doesn’t act, the interest rate on these loans will double—from 3.4 percent to 6.8 percent—on July 1.

Donna Gratehouse, who blogs at Democratic Diva and elsewhere on all things Arizona, sends us this.

Republican Arizona state Rep. Michelle Ugenti, who represents an affluent district in Scottsdale and Fountain Hills, drew quite a bit of attention and criticism on Monday when she flippantly remarked, ”welcome to life” to Arizona college students protesting a bill she sponsored that would require them to contribute a minimum $2,000 per year to their annual tuition at state universities. Students would have to make the contribution regardless of financial need, scholarship eligibility or military veteran status. Students on athletic scholarships would be exempted (make of that what you will). Conservative legislators defended the move by claiming that state college students (the non-athlete ones, anyway) need to have “more skin in the game.”

Donna Gratehouse, who blogs at Democratic Diva and elsewhere on all things Arizona, sends us this.

Raise your hand if you were supporting yourself and maybe helping to support your family when you were 18. I know I was, so I can’t fathom what the Arizona Legislature is thinking by putting forth a ballot referendum that would allow employers to pay workers under 20 years of age substantially less than the state’s minimum wage. Currently it is at $7.65 an hour but this recent measure, if approved by voters, would allow businesses to pay teens and young adults as little as $4.65 an hour.

Zachary Teutsch in the AFL-CIO Office of Investment, announces the launch of a fantastic new resource for all of us to gain and improve our financial literacy.

Most schools don’t teach our kids about avoiding credit card debt. Most of us never had anyone take the time to teach us about the financial implications of a birth, a death, a wedding, a divorce, or retirement. This is because there isn’t much financial education in the United States and most of it is by salespeople who would like us to buy their products.

With the already high cost of college growing each semester, working families are finding it hard to afford higher education for their children. Union Plus, part of Union Privilege, the consumer benefits arm of the AFL-CIO, is helping union members reach their education savings goals with Union Plus college savings grants.

Students graduating from college this spring will face the worst job market for graduates since the Great Depression, a new report says. “The Class of 2011: Young Workers Face a Dire Labor Market Without a Safety Net,” by the Economic Policy Institute (EPI), found that unemployment among workers between the ages of 16 and 24 is more than double the national average. In 2010, young workers averaged 18.4 percent unemployment, compared with 9.6 percent overall.