The "don’t double my rate" movement is picking up steam across the country. President Obama sparked the initiative during his speech on UNC Chapel Hill’s campus earlier in the month.

As of now the interest rate on federal college loans is set to double from the current 4.3% to 8.6% by the first of July. That’s up to an additional $5,000 in student loans for over seven million American students.

This seems to be a no brainer for Congress, Romney and Obama support the move to prolong the rate cut. However, this is a small part of a much larger problem. College graduates under the age of 30 are averaging $23,186 in student loans. The interest rate, while a nuisance, isn’t the problem.

We should be more worried about thesky rocketing price of college tuition each year.

Perhaps journalist Kay Steiger says it best: "What they need is for the price of education to stabilize and the economy to hire young people again."

Don’t hold your breath. The American student will be tremendously discouraged if there is yet another barrier to a great education. We have the best colleges and universities in the world; shouldn’t we have the best options to pay for them?

"For each year Congress doesn’t act, the average student with federal loans will muck up an extra $1,000," stated President Obama during his Chapel Hill address.

The national student loan debt has reached one trillion. The bottom line is we do not need any more reasons not to go to college. Don’t double my rate.