Paying for college has never been more difficult. Since the 1980s, tuition and fees have swelled by more than 500 percent! As if these skyrocketing costs weren't enough, interest rates on some federal student loans are scheduled to DOUBLE this Sunday. And only Congress can stop it.
But after weeks of discussion, legislators on Capitol Hill have yet to act, leaving the college careers of more than 7 million students at risk. With only a few days left, rumors are flying in the press about a potential deal. But rumors are no comfort for students like Clarise McCants, who cannot afford the rate increase.
"Even with grants and scholarships, I still have to rely on loans to pay for college," she says. "If my interest rate doubles, it'll take me even longer to dig my way out of debt after I graduate."
Congress needs to finalize its deal NOW. Help us fight this rate increase by telling them to finish the job: Stop student-loan interest rates from doubling on July 1.