Tell Congress: Act before July 1st, don't let student loan interest rates double
  • Petitioned U.S. House of Representatives

This petition was delivered to:

U.S. House of Representatives
U.S. Senate

Tell Congress: Act before July 1st, don't let student loan interest rates double

    1. Sponsored by

      Education Trust

Interest rates on some federally backed student loans are set to DOUBLE on July 1, and our elected officials on Capitol Hill are the only ones who can stop it. But instead of standing up for students, members of Congress have made political grandstanding a bigger priority. Right now, they’re pointing fingers and trading election-year barbs in the press rather than working together to solve this crisis.

College students like Clarise McCants cannot afford further inaction. “Even with grants and scholarships, I still have to rely on loans to pay for college,” she says. “If my interest rate doubles, it’ll take me even longer to dig my way out of debt after I graduate.”

Clarise is just one of the more than 7 million students who will be burdened by even greater debt if Congress fails to deliver a solution before the end of June. The U.S. economy is already being dragged down by the more than $1 trillion Americans owe in student debt. With college tuitions skyrocketing, Washington should do everything it can to make it easier — not more difficult — for hard-working students to learn their way to a brighter future.

“If the July deadline passes, there will be very real consequences for millions of students just like me,” Clarise says.

The clock is ticking. Tell Congress to stop the political theater and ACT NOW!

Recent signatures

    News

    1. Reached 10,000 signatures
    2. No deal yet, keep the pressure up on Congress

      Congress still hasn’t reached a deal to prevent student loan interest rates from doubling. Spread the word by sharing this infographic on Facebook.

    3. Reached 7,000 signatures

    Supporters

    Reasons for signing

    • Traci Lewis COLUMBIA, SC
      • over 2 years ago

      I am a current Masters Student and in a couple years I myself am going to have to start repaying loans. My loan repayment is greater than my house repayment.... Something must be done...

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    • Kelly DeAtley LOUISVILLE, KY
      • over 2 years ago

      I'm a medical student, we already are several hundreds of thousands of dollars in debt, this will increase our debt load and decrease the amount of money we will be able to spend and donate in the future. Our origination fee is going up by a ton as well. We cannot afford this!

      REPORT THIS COMMENT:
    • Barbara H. WAUKEGAN, IL
      • over 2 years ago

      I AM BARELY ABLE TO AFFORD BASIC LIVING NECCESITIES ON TOPOF PAYING MY STUDENT LOANS, WHICH ON TOP I HAVE TO SPLIT THE PAYMENTS EACH MONTH. CPONGRESS NEEDS TO PUT THE NEEDS OF THE NATION AS THEIR PRIORITY AND GET THIS TAKEN CARE OF. HOW ARE WE SUPPOSED TO SURVIVE AND PAY MORE IN INTEREST WHEN WE ARE BARELY SURVIVING AS IT IS?

      REPORT THIS COMMENT:
    • Kathleen Owens GWYNEDD VALLEY, PA
      • over 2 years ago

      Student loans are an investment in the future of our democracy. College graduatues want to repay their loans, ajd the doubling of interest rates is counterproductive.

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    • Lesley Maxwell CRANSTON, RI
      • over 2 years ago

      Students sign a loan agreement which is a valid contract with terms set. It's a LOAN, not a credit card!! These students are our future. We need their knowledge to compete in this world and we're lagging behind. It's become unaffordable to better themselves. Knowledge, education is power - it's our most important tool. I believe we rank 3rd in countries in this regard.

      Better that Congress stop granting themselves raises, Cadillac health care, etc. They have reaped benefits from our votes - now is the time to "give back". If Congress can't see that our students are being "dumbed down", can't compete, we are truly lost. They forget that they received their college educations thru loans. Had they not, they wouldn't be where they are. How quickly they forget!!!! Give these students a break - the benefits, in the long term, will speak for themselves. These are the people who will take your place someday, run this Country.

      Do the only right and correct thing.

      REPORT THIS COMMENT:

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