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Lower Interest Rate for Student Loans

By Katie Simpson (Contact)

To be delivered to: The Maryland State House, The Maryland State Senate, Governor Martin O'Malley, The United States House of Representatives, The United States Senate, and President Barack Obama

Student borrowers are being hit with unconscionably high interest rates - some as high as 8.5%. At the same time, the Federal Reserve has been lending to for-profit institutions at rates close to 0% for the better part of a decade. It is time for the government to step in and offer the same interest rate savings to students on all student loans that it does to for-profit borrowers.

The amount of interest owed on student loans is unconscionable.

NEW goal - We need 750 signatures
There are currently 503 signatures

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