Wednesday, March 21, 2012

Tell Senator Reid: Don't let the interest rate double on federal student loans

Dear Friend,

This is unbelievable. The interest rates on federal student loans will double this summer if Congress doesn't take action.

Congress, led by Republican leadership in the House, is planning to let the College Cost Reduction and Access Act legislation expire on July 1, effectively doubling the interest rates on loans for millions of Americans. This will result in an average of $5,000 in additional payments for students who are scheduled to pay their loans backs in 5 years, and $11,000 for those who are paying back in 10.

We can't let this happen. I just signed a petition urging Senate Majority Leader Harry Reid to pick up the fight on behalf of millions of American students. I hope you do too.

You can sign the petition and find out more information at the link below.

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