Why interest rates could double

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Title: Why interest rates could double

The White House, Washington


Good morning,

If Congress doesn't act by July 1, interest rates will double for millions of students with subsidized Stafford loans.

There's no reason this has to happen, but unfortunately some members of Congress are placing top priority on giving tax breaks to millionaires and billionaires instead of making smart investments in education that put the cost of higher education within reach for more Americans.

So this week, President Obama is getting out of Washington and travelling to college campuses across the country to get the word out to students and families.

Learn more about how this could affect students in your state and find out how you can help spread the word.

Learn more about student loan rates

Getting a college degree shouldn't be a luxury only a few Americans can afford, and it's the sort of critical investment in our future we should support, not cut. Every hard working student deserves a fair shot at getting the skills and training they need to get a good job and compete in the 21st century economy.

At a time when so many middle class students are struggling to afford a college education, doubling their interest rates will only make it more difficult for them to get ahead.

Take a minute to learn more about this issue and help us spread the word:

http://www.whitehouse.gov/dont-double-my-rates

Thanks for your help,

David

David Plouffe
Senior Advisor to the President

P.S. Are you on Twitter? Make sure you follow us @WhiteHouse and speak out using the hashtag #DontDoubleMyRate.

 





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