Don’t Double My Rate!

Two weeks ago, student debt surpassed one trillion dollars nationally. In 2012 students will be graduating with an average of $25,000 in student loan debt. Today the Senate is voting on the “Stop the Student Loan Interest Rate Hike Act” (S. 2343), which would prevent the interest rate on subsidized Stafford loans from doubling to 6.8% on July 1st.

Tell your Senators to keep the Stafford Loan interest rates at 3.4%!

Low-income and working students depend on the Stafford Loan in order to make a college degree attainable to them. By doubling the interest rate this summer, Congress would be taking away the opportunity that many of the 7 million recipients depend on to go to college.

Congress is talking about this issue now, but we need to make sure they know that we’re serious. Send your Senators a message today showing your support for students.

This entry was posted on Tuesday, May 8th, 2012 at 3:06 pm. It is filed under Blog. You can follow any responses to this entry through the RSS 2.0 feed.