To: The United States House of Representatives and The United States Senate
Remove Oil and Gas Subsidies to Fund Low Stafford Loan Interest Rates
Every individual who has ever benefited from federally subsidized loans to better themselves through education, every woman who is still alive because of federally subsidized breast, overian or other cancer screenings, and every child who has not suffered a preventable illness because they had access to federally subsidized vaccination programs pleads with you to continue subsidizing low Stafford loan interest rates by removing the subsidies given to big oil and gas companies. Please, we need it more then they do.
Why is this important?
Stafford loans are scheduled to double from around 3% to over 6% in the next few weeks! Almost every middle to lower income person with a college education in America has or is benefiting from these low interest, federally subsidized loans. Americans are saddled with more debt due to student loans than credit cards and we cannot afford this increase, especially now. President Obama proposes funding the continuation of low interest rates by cutting federal subsidies for oil and gas companies, currently earning record profits of 104 million dollars every single day. Republicans, also wanting to keep loan rates low, propose getting the funds from federal money allocated to preventative medecine for women and children, like mammograms and vaccinations.
We must let all our Congress know that they have no reasonable grounds for keeping these interest rates low by compromising the heath of American women and children. There is only one choice, stop lining the pockets of big oil.