On July 1, student loan interest rates are set to double from 3.4% to 6.8% unless Congress takes action to keep rates low. I believe we need a bipartisan solution that will help students and their families afford to pursue higher education. With only one week until rates double, we must take action as soon as possible.
As I continue to highlight the need for Congress to take action, I encourage you to visit my Facebook page to share how a doubling of student loan interest rates could impact you and your family if Congress cannot come to agreement on a solution:
Click here to visit my Facebook page and share your story.
I also encourage students and their families to participate in a Twitter Town Hall to discuss this issue with me and other Members of Congress. On Wednesday, from 2:00-3:00 p.m., you can participate in a conversation about the need to prevent student loan interest rates from doubling. Follow me on Twitter at @WhipHoyer and submit your questions or comments to me by using this hashtag: #AskDems. If you do not use Twitter, you can post on my Facebook page or e-mail your question to AskDems@gmail.com.