To: The United States Senate

Extend Deferment Period for Student Loans

Extend deferment period for student loans from 6 to 24 months.

Why is this important?

My group of friends that recently graduated from college last year are currently unemployed. This results in them unable to pay off their student loans. It is required for students to start paying back their loans six months after graduation. If a student cannot pay back their loan it hurts their credit score. A bad credit score then can have a negative effect on finding a job in this already horrible economy. Six months is not enough time with the economic situation. Students should be given a grace period of 24 months to get on their feet.