Petition Closed
Petitioning Congress

Subsidize student loan interest, again


Unsubsidized interest on federal student loans mean that college and graduate students end up paying a lot more in interest because the interest accrues while you are in school and is amortized to the principal during the repayment period. In other words, you borrow $10,000 for school, but after graduation, that amount becomes somewhere north of $15,000 before you are even obligated to repay.

Letter to
Congress
I just signed the following petition addressed to: Congress.

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Subsidize student loan interest, again

Unsubsidized interest on federal student loans mean that college and graduate students end up paying a lot more in interest because the interest accrues while you are in school and is amortized to the principal during the repayment period. In other words, you borrow $10,000 for school, but after graduation, that amount becomes somewhere north of $15,000 before you are even obligated to repay.
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Sincerely,