Stafford loans, the most common of all subsidized loans, have provided the financial opportunity for tens of millions of Americans to attend college. Now, Congress is considering doubling the interest rate of student loans on July 1.
If the interest rate rises to nearly 7% during the most expensive tuition period ever recorded, less Americans will be able to afford college and graduates will struggle with even greater student loan debt.
It's especially ridiculous to raise the student loan interest rate to nearly 7% when banks are able to borrow money from the federal government at an interest rate of only 0.5%. Why should students bear the burden of a failing economy?
June 5 is Student Debt Day. Congress needs to hear from graduates around the country about how damaging an increase in student loan interest rates would be to students and recent graduates.
We fought the fee hike last year and won. Let's do it again! Tell Congress: don't raise the interest rate!
If the interest rate rises to nearly 7% during the most expensive tuition period ever recorded, less Americans will be able to afford college and graduates will struggle with even greater student loan debt.
It's especially ridiculous to raise the student loan interest rate to nearly 7% when banks are able to borrow money from the federal government at an interest rate of only 0.5%. Why should students bear the burden of a failing economy?
June 5 is Student Debt Day. Congress needs to hear from graduates around the country about how damaging an increase in student loan interest rates would be to students and recent graduates.
We fought the fee hike last year and won. Let's do it again! Tell Congress: don't raise the interest rate!