URGENT: Tell Congress to Freeze Interest Rates for One Year
To help stop Congress from rushing into a bad permanent deal for students, new Senate (S. 1238) and House (H.R. 2574) bills would keep subsidized loans at 3.4% for one more year. Introduced in the Senate by Jack Reed, Kay Hagan and 37 other senators, and by Representative Miller in the House, the bills fully pay for themselves by closing a tax loophole.
Senate Majority Leader Harry Reid has scheduled a vote on S. 1238 this Wednesday. If passed, it will return subsidized loan rates to 3.4% starting July 1. Make sure your Senators and Representatives hear from you today about how important it is to keep student loans affordable by reversing the doubling of rates and supporting both S. 1238 and H.R. 2574!
Amazingly, many of the long-term proposals that have been put forward would actually be worse for students than rates doubling to 6.8%!