Help Prevent Student Loan Rates from Doubling

The deadline for Congress to prevent student loan interest rates from doubling is almost here, and it's time for Congress to take action. Congress must take action before July 1 to keep interest rates from doubling. Both Democrats and Republicans have supported the one-year extension that would keep interest rates on student loans from doubling; it's time to get it done.

We're racing against the clock. Send your members of Congress a message today.

The doubling interest rates on new federal student loans, called Stafford loans, will affect more than 7.4 million students as well as those who are college-bound, increasing their costs by an average of $1,000.

Urge your elected officials to keep college affordable. Write your members of Congress today.

Students are already swimming in a rising sea of debt, graduating from college with an average of $25,000 in loans to repay. For recent grads, the burden is especially daunting. They face higher rates of unemployment because of the current economy, and low entry-level wages if they are lucky enough to find jobs. Most agree that there could hardly be a worse time to double the interest rates on student loans.

The deadline is approaching. Write your members of Congress today!

A high-quality public education is the gateway to the middle class, and preserving the American dream means keeping college affordable and accessible.

Board of Trustees Statement

On June 7, 2012, Rich Wolfson gave a statement at the Board of Trustees meeting.  The statement can be read by clicking here.