Victory: Congress Stops Student Loan Interest Rates from Doubling


Congress just voted to stop student loan interest rates from doubling.

Overwhelming support from students and families across the country showed our congressmen they needed to act, and in a strong display of bi-partisan support they did.

This couldn’t come at a better time. Without Congressional action, the interest rate would have doubled from 3.4% to 6.8% on July 1st.

Over 7 million students students receive federal subsidized Stafford student loans. They will save an average of $1,000 in loan repayments, helping us become the next generation of teachers, doctors, and innovators.

This is a big step, but we still have a long way to go to make college affordable in America.

Tell Congress and the President how much this means for students and encourage them to do more.

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Thanks for making college more affordable!

Dear President Obama and Congress,

Thank you for stopping student loan interest rates from doubling.

Student loan debt has reached $1 trillion, for the first time surpassing credit card debt. This puts a burden on students and keeps young people of all backgrounds from becoming America's next generation of teachers, doctors, and innovators.

Please keep supporting students by making higher education affordable.

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