To: The United States House of Representatives and The United States Senate
Don't let Republicans jack up the cost of college
Stop the doubling of student interest rates this July 1.
Why is this important?
Because of Republican obstruction in Congress, interest rates on college loans are set to double this July—pouring even more debt on a generation already drowning in student loans. President Obama is pushing Congress to stop it, but as usual Republicans have dug in their heels.
Doubling interest rates would be devastating to students and working families. Since 1999, student loan debt has increased by more than 500%, and total student debt is over $1 trillion dollars.
But Republicans are so out of touch that their point person on higher education, Rep. Virginia Foxx of North Carolina, says she has "little tolerance" for people who graduate with lots of debt because "there's no reason for that."
It's not just Virginia Foxx. Mitt Romney says he wants to slash Pell Grants by $170 billion. Republican governors like Scott Walker have been slashing funding for higher education for years, forcing increases in tuition.
Students and working families need to send a clear message to the Republicans in Congress: If you allow interest rates to double, we're voting you out.
Doubling interest rates would be devastating to students and working families. Since 1999, student loan debt has increased by more than 500%, and total student debt is over $1 trillion dollars.
But Republicans are so out of touch that their point person on higher education, Rep. Virginia Foxx of North Carolina, says she has "little tolerance" for people who graduate with lots of debt because "there's no reason for that."
It's not just Virginia Foxx. Mitt Romney says he wants to slash Pell Grants by $170 billion. Republican governors like Scott Walker have been slashing funding for higher education for years, forcing increases in tuition.
Students and working families need to send a clear message to the Republicans in Congress: If you allow interest rates to double, we're voting you out.