On July 1, the interest rate on federal Stafford loans, which help millions of students pay for college, are set to double. If Congress doesn’t act, Stafford loans will increase to a 6.8 percent interest rate—up from 3.4 percent.
This seems obviously wrong but some recalcitrant elected officials, like Rep. Virginia Foxx (R-NC), don’t believe that student debt is a problem. In response, our friends at Campus Progress have embarked on a campaign to demonstrate how profound an issue student is in this country today by sharing personal stories of debt.
Please share your story and tell our elected reps what impact student debt has on your ability to study, learn and enter a profession of your choice and how would your life change if the burden of debt was lifted.