Lower interest rates to 3% on ALL government backed student loans for both graduate and undergraduate students, including retroactive lowering of rates of all Stafford, Plus, Perkins, and other governemnt loans currently in repayment.
Why is this important?
Government backed college loans of 8%? That's right. The recent congressional action to lower interest rates only applied to undergraduate Stafford Loans. Middle class graduate students are leaving college as virtual indentured servants facing the prospects of paying for college over most of their adult lives. These are government loans, and without them the middle class cannot fulfill their dreams to enter the workplace as physical therapists, lawyers, and doctors.
