Students Need Help with their College Debt Now

Rep. George Miller (D-Calif.), the ranking member of the House Education and Workforce Committee, will introduce the “Stop the Student Loan Interest Rate Hike of 2012.” Passage of this bill will prevent the interest rate for federally subsidized Stafford loans from doubling from 3.4 percent to 6.8 percent for one year.

Although it’s only a year’s reprieve, it will stop an increase of  students’ debt on average $1,000. Be in touch with your state Congressional members to help ensure the passage of the bill.

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