Senator Blumenthal

11 Reasons Why Congress Needs To Fix Student Loan Rates Now

Shamefully, Congress failed to act before the July 1st deadline to prevent your student loan interest rates from doubling. This is an issue on which we should all agree. I call on Congress to pass legislation that will retroactively prevent this de facto tax increase on young people already struggling under mountains of debt. At a time when Americans owe more than $1.2 trillion in student loans debt, the last thing we should do is make college more expensive for students and their families. Here are 11 reasons why Congress needs to act on student loan interest rates.