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STOP Gauging us with Student Loan Interest!!

 

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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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This petition was delivered to:
  • Department of Education
    LOWER INTEREST RATES STUDENT LOANS!!!
  • U.S. House of Representatives
  • U.S. Senate


Randy Hubbell started this petition with a single signature, and now has 24 supporters. Start a petition today to change something you care about.