As you know, unless Congress takes immediate action, thousands of us will see our student loan interest rates double from 3.4% to 6.5% just weeks from now, on July 1, 2012.
Sen. Scott Brown has said that he is committed to affordable higher education. But he voted to block a senate bill that would keep existing student loan interest rates low.
We’re setting up a meeting with the Senator so we can hand deliver the letters.
A college education shouldn’t be out of reach. But right now, 63% of Massachusetts students carry student loan debt. The average student loan borrower in Massachusetts attending a state school already carries over $25,000 in student debt.
For every student and family in the Commonwealth, this is a time when every dime counts. This is personal because higher education provides us with opportunities – we can’t allow college to become a luxury that only a few families can afford.
Student loan debt affects where we live when we graduate, when we start a family or buy a home, our job prospects, and even keeps some of us from finishing or going to college at all.