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We need to make college more affordable, not less. But some in Congress seem to have it backwards. First, under the Ryan Budget, Republicans have proposed eliminating Pell Grants for two million students.
And now, unless Congress acts soon, an important loan program that serves almost 8 million college students will double its interest rates! A vote in the Senate may be just a couple weeks away, so please contact your Senators now.
We all know that making college affordable for all Americans isn’t just the right thing to do — it’s right for the economy. Right for an America that wants to compete in the world. The U.S. once ranked first in college graduation rates; now we rank 12th.
That’s just not right.
Sen. Jack Reed (D-RI) and Rep. Joe Courtney (D-CT) have just introduced the Student Loan Affordability Act, a bill that will prevent the interest rates on nearly 8 million Stafford loans from doubling — an increase that would cost the average student $5,000.
Will you tell Congress to not let student loan rates double before it’s too late?
Americans now owe more in tuition debt than credit card debt, with total outstanding student loan debt in America expected to exceed $1 trillion this year.2 Millions of hardworking, taxpaying, educated Americans are being crushed under the weight of their educational debts and it’s doing further damage to our economy — students with outstanding debt can’t buy homes and can’t contribute to the economy as full consumers.
We need a real economic stimulus and jobs plan. Investing in our students is the way to do it.
Tell Congress to not let student loan rates double before it’s too late!