To all the teachers, parents and students that desire best opportunity for Education, please support this request to the Federal Government to lower ALL types of Student loans not to exceed 2.5%. Currently rates vary form 5%- 8 and 9% today both for students and parent plus loans that were obtained at the time the student entered college.
In times of financial hardships, there is a high risk for these students to become victims of fraud agencies offering to lower the student loan rates at a cost and that is a scam.
We are making this appeal to the Government to better the opportunities for higher education where in some of the other countries in the World, Education and Health is free. Example: Sri-Lanka
Why is this important?
The Federal Agency from the Education Department is not flexible about lowering student loan interest rates. America went through some rough financial times, and Banks were mandated to reduce mortgage loans and were even penalized for their actions. Homeowners were given debt relief of but not students.
Therefore, actions from the Federal Government to help the student population to recover from financial hardships are required to lower the high interest rates immediately. These rates should not exceed 2.5% and should not have extra condition. This low rate should be maintained for all future Student Loan programs.
Education is the basis for a strong society and should be encouraged with low interest rates. These rates should be available for ALL types of student loans making Graduate and Post Graduate education accessible for this Nation's striving Economy.
