Students seeking federal loans cannot afford a government default. We urge you to raise the debt ceiling now!
Why is this important?
The U.S. could default on its loans tomorrow if Congress doesn't raise the debt ceiling and end the shutdown. A default could be a financial disaster. Interest rates on most types of loans are projected to skyrocket. Inevitably, student loans would become a lot more expensive, and future borrowers who take out a new federal loans would be crushed by these rates.