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