June 7th, 2012
04:28 PM ET

Obama's new hashtag: #dontdoublemyrate

LAS VEGAS (CNN) - President Obama is trying to use the success of social media to get his proposal to prevent interest rates on student loans from doubling at the end of the month.

While speaking to a crowd of 2,500 on the campus of University of Nevada-Las Vegas, he urged students to pressure Congress for action by writing on their Facebook walls, and tweeting with the hashtag #dontdoublemy rate.

He told the students that if Congress didn't act by July 1st, interest rates on federal student loans will double and would end up costing the average student an additional $1000. FULL POST

POTUS in Las Vegas today
President Obama boards Air Force One on June 6, 2012 en route to California.
June 7th, 2012
09:01 AM ET

POTUS in Las Vegas today

The president will be focusing on student loans on Thursday when he delivers remarks at the University of Nevada, Las Vegas, but a senior administration official said to expect him to also hit Congress on inaction. With questions being raised about what new proposals the president might roll out to jump start the economy, the official said the president would frame his argument around Congress acting on what is already before them.

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