Hi everyone! We recently ran a petition telling Congress "Don't Double Student Loan Rates!" -- in July, the plan that allows students to borrow subsidized Stafford loans at a 3.4% interest rate is set to expire, shooting the rate back up to 6.8.%. This would affect almost 8 million borrowers, and in some cases force students to pay up to $5,000 more over the course of their repayment. That's absolutely insane. Along with US PIRG, Campus Progress, and US Student Association, we gathered over 130,000 letters to Congress and then delivered them yesterday with some great student advocates. Rep. Courtney (D-CT) and Sen. Reed (D-RI) -- the two authors of the bill that cut the interest rate -- also spoke, so it was great to have their support. Here are some photos! [caption id="attachment_4636" align="aligncenter" width="480" caption="A box of letters each for Pelosi, McConnell, Boehner and Reid."][/caption] [caption id="attachment_4637" align="aligncenter" width="480" caption="Student partners getting ready to deliver the boxes!"][/caption] [caption id="attachment_4638" align="aligncenter" width="500" caption="Press listening closely!"][/caption] The event got some great coverage, too: Stafford Loan Interest Rate Doubles, Students Petition Congress; Huffington Post Students lobby to keep interest rates lower; CNN Rate on Popular Student Loan About to Double; CBS
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