Rebuild the Dream is going to continue fighting to make sure that interest on federal Stafford Loans don't double this July, when Congress will have a vote to determine whether the rates go from 3.4% to 6.8%.If the rates go to 6.8%, those who owe money on their student loans could end up paying as much as $5000 more annually. We think that's robbery. Check out this email from CEO Natalie Foster:
This is robbery. Congress is set to allow student loan interest rates to DOUBLE this summer. That’s right, double! For many students, this will mean more than $5,000 extra in student loan payments.To stop this from happening, we need to keep campaigning and expand our work together until the issue of student loan debt is on the front page of the newspapers.Will you donate $3 or more today to help fund this expanded campaign?A good and affordable education is part of the American Dream. Unfortunately, people with student debt have very little voice Washington. So we put together a plan to change that -- one that counts on your support. Here are a few highlights:
- We'll mobilize people burdened by student loan debt -- including students and people in their 20s, 30s, and beyond. We will create an American Dream Corps of leaders who will organize, mobilize, and make their voices heard until Congress does the right thing.
- We'll turn the heat up on Congress. First, we will support Rebuild the Dream members as they educate members of Congress about student loans -- especially in districts for members of the education committee.
- We'll make sure more people hear about this big fee increase on student loan debtors with new online and offline advertising, short video documentaries, and with Facebook and other technology.
- We'll organize a National Day of Action this summer to make sure that Congress and the media can't ignore this issue or student loan debtors.
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