“The bottom line is that this is important to future graduates and their families, it is a top concern among students, and has support from across the political spectrum."
“This should send a clear message to Congress that this is a common sense nonpartisan issue,” said Rich Williams, higher education advocate for U.S. PIRG.
Rich Williams, the higher education advocate for U.S. Public Interest Research Group, said he thought about 14 moderate Republican senators might support the effort to keep the interest rates down. “This should be a bipartisan issue,” he said. “It’s something everyone gets.”
Washington, D.C. – With the student loan interest rate about to double this July for almost 8 million loan borrowers, WISPIRG Students and coalition partners deliver over 130,000 letters to Congress urging a different plan.
This July, students will see their federal student loan interest rates DOUBLE unless Congress acts. If that happens, some of us would pay almost $5000 more to repay our loans.
A push to create free or inexpensive textbooks is gaining momentum as educators, philanthropists and policymakers nationwide search for new ways to rein in college costs.
In the annual State of the Union Address, President Obama proposed measures to bring relief to almost 8 million students who will see their student loan interest rates double on new loans starting July 1st, 2012.
Many of today’s college students face unnecessary financial risks by relying on unregulated private student loans to pay for college, with some students paying up to 18 percent interest.