by Colleen Flaherty
The July 1st deadline has passed, and the federal student loan rate has doubled from 3.4 percent to 6.8 percent. Advocates in Congress have said they will work hard to bring the rates back down, and students and families need to hold them to it.
Take Action ›
How has student loan debt affected you? Share your story. ›
David Tjaden, a recent University of Iowa graduate and chair of the NEA Student Program, thinks it’s imperative for Congress to make college affordability a priority.
“We have a responsibility and an obligation to really step up and insure that college is affordable for any student that wants to attend it,” said Tjaden.
Tjaden – who represents over 60,000 future educators nationwide – says this issue is especially important to his members.
“Our student members are very passionate about this. They see that family incomes are falling. They see that college costs are rising. As college costs are rising, at least don’t penalize us for taking out massive loans to get that education.”
With the rising costs of college tuition, it’s clear that student loan debt is growing, and Americans are hurting:
If you’re concerned about the student loan interest rate, contact your congressperson today and tell them not to double the rates!