Student loans' interest doubling
Student loans’ interest doubling
I have several grandchildren who have Stafford college loans. They graduated with honors and are working now. However, the jobs available hardly pay enough for them to cover their living expenses. Now they are worried about the interest on their student loans doubling.
It is wrong for Congress to ignore the importance of this to our country’s brightest minds. We need college educated citizens. In just seven days — July 1, the interest rate on government subsidized Stafford loans is due to double.
I have one grandchild who is married with a disabled child. There are extra medical expenses that were not anticipated. There is doubt how they will make it if interest is double.
My husband and I get less than 1/2 percent interest on our savings account. Banks can borrow money at near-zero interest. I implore, beg, plead, with our representatives in Congress to make sure the Stafford student loans are not doubled.
Please do this for our future leaders!