STOP Gauging us with Student Loan Interest!!
  • Petitioned LOWER INTEREST RATES STUDENT LOANS!!!

This petition was delivered to:

Department of Education
LOWER INTEREST RATES STUDENT LOANS!!!
President of the United States
U.S. Senate
U.S. House of Representatives

STOP Gauging us with Student Loan Interest!!

    1. Randy Hubbell
    2. Petition by

      Randy Hubbell

      Seymour, TN

 

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Department of Education is allowing student loan graduates to be interest gauged with no end insight. Using my situation as an example, I have a $51,000.00 student loan balance, last months draft looked like this: Interest paid $246.34 & amount to principle $69.66. The Department of Education's obvious nickel and diming through interest capitalization, subsidized and unsubsidized confusion, a deferment, and participating for year in the income contingent plan.... my balance today, after 3 1/2 years of perfect payments, is higher than the day I graduated due to accrued interest. We have no problem paying back money I borrowed; however, at this rate I will be 88 years old! Most of us may not make it to our eighties; therefore it is inevitable that some funds will need to be written off. Do our average credit scores a favor and write the capitalized interest off NOW.

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Recent signatures

    News

    1. Finally.....Someone gets it!

      Randy Hubbell
      Petition Organizer
      Elizabeth Warren: Let Students Borrow At The Same Low Rate That Banks Get

      Share this story on Facebook Email this story to a friend Sen. Elizabeth Warren (D-MA) is reigniting a battle over student loan interest rates that infused the campaign trail last year and put Republicans in a predicament with young voters.

    2. Student Loans Destroying the Economy?

      Randy Hubbell
      Petition Organizer
      Are Student Loans Destroying the Economy?

      Recoveries are powered by two things. Houses and cars. And young people aren't buying either. That's the conclusion from a new study out of the New York Fed, via Brad Plumer, that can be easily read as blaming student debt for holding back the recovery by squashing home and auto sales.

    3. Reached 10 signatures

    Supporters

    Reasons for signing

    • D R MONTESANO, WA
      • over 1 year ago

      "FOR PROFIT" COLLEGES ARE A SCAM!

      REPORT THIS COMMENT:
    • J Kiraly NORMAN, OK
      • over 1 year ago

      I personally am in debt now that I've graduated. The funny part is the jobs in my industry didn't pay nearly what I was making before i went to school, so now I'm stuck with this huge loan that I can't pay back. I wish someone would lower the rates and look at what you've been making because it's just not right. Before going to school, one of my co workers tried to commit suicide, so I was working six days a week. There's no way I'd ever make money like that again. I need major help

      REPORT THIS COMMENT:

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