On Thursday, President Obama spoke to students at the White House to stress the urgency of Congress acting before July 1 to stop interest rates from doubling for more than 7 million students. Congress has 5 days to act before students are hit with the equivalent of a $1,000 tax increase. To ensure this deadline does not pass, please email your members of Congress in the next 24 hours and ask them to prevent student loan rates from doubling.
Tell Congress, "Don't Double My Rate"
At a time when Americans owe more on student loans than credit cards, President Obama believes we must reward hard work and responsibility by keeping interest rates on student loans low. The goal is for more Americans get a fair shot at an affordable college education, the skills they need to find a good job, and a clear path to middle class.
This deadline didn’t sneak up on us. The President has been calling on Congress to act for five months. He urged Congress to act during the State of the Union, included this as a priority in the budget, and traveled across the country pushing Congress to act. But once again, we’re struck watching Congress play chicken with another deadline. Unfortunately Republicans in Congress continue to stand in way. Last month, Democrats in the Senate put forward a plan that would have kept these rates in place without adding a dime to the deficit, but Senate Republicans blocked it. Worse yet, House Republicans will only agree to a student loan bill if we cut things like preventive health care for women.
This is all about the economy. As President Obama said, "Higher education cannot be a luxury reserved just for a privileged few. It is an economic necessity that every family should be able to afford." Please contact your members of Congress today and ask them to keep college affordable for all Americans!
Young Democrats of America