Student loan debt is a reality for millions of Americans throughout this country. Unfortunately, for many of these same Americans, there are other realities that they must deal with, including unemployment and underemployment.

The truth is that there are many college-educated folks who are out of work or who are working part-time and/or low-wage jobs in order to make ends meet (e.g. pay rent, feed themselves, pay for gas in order to get to and from work). One can easily understand how difficult it must be for these individuals to also have to deal with the burden of student loan debt... or so you would think.

Sadly, it appears that the federal government is either unaware of or indifferent to the struggle of Americans with student loans since Congress continues to charge interest on student loans. By charging interest on federal student loans, and essentially profiting off of its students, the federal government is only making the challenge of paying off student loans more difficult.

The demand is simple: We Americans want Congress to repeal the Bipartisan Student Loan Certainty Act of 2013 and reduce interest rates on all federal student loans (including Perkins Loans) to 0% - which should also be applied retroactively. The government should not be profiting off of its students.

*The Bipartisan Student Loan Certainty Act of 2013 was signed into law by President Obama in 2013. The law established interest rates on all federal student loans—Direct Subsidized Stafford loans and Direct Unsubsidized Stafford loans—made on or after July 1, 2013.

 
Please sign this petition, and let Congress know that you are tired of the federal government profiting off of its students and you are tired of the interest rates.