Federal student loan interest rates are about to double – again. Last year, it took an outcry from students and parents to stop a rate hike. We only have until July 1 before rates double from 3.4% to 6.8%. When student loan interest rates rise, everyone suffers, especially working families who struggle to make each payment. Time is running out to prevent rates from rising even more. We must demand that Congress act immediately.
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I stand with Senator Stabenow to demand that Congress pass the Stop the Student Loan Interest Rate Hike Act.
Higher education is critical to a stronger America and we can't afford policies that will make us less competitive in the global economy. |