Lucas,
Over the last several years, our federal government has made $66 billion off the backs of our students.
This is outrageous. It is keeping our students from investing in buying a home or taking a chance and starting a business.
If we want to give our students a chance at the American Dream, we cannot weigh them down with debt and deny them the opportunity to finance at the going rate. My Federal Student Loan Refinancing Act would provide students the same opportunity to refinance as banks and homeowners have – and bring $14 billion back into our economy.
We have to get this right for our students – and we have to do it now. Will you join me in taking a stand?
Click here to call on Congress to join us in supporting higher education, not higher debt.
Student loans have their greatest impact right when young graduates are trying to start their lives. We have to do something now to keep them from being held back. And it is in our power – our government holds these loans and I have a bill that will bring fairness to the student loan process.
Right now, if a New York graduate has $26,000 in federal student loans and pays 6.8 percent in interest over 20 years, this individual will pay more than $47,600 over the life of the loan. My bill would lower this student's rate to 4 percent and save him or her as much as $9,800.
We must strengthen our middle class instead of driving students deeper into debt.
Will you join me in speaking out and help pass this bill now?
Thank you so much,
Kirsten [Gillibrand]