Elizabeth Warren is Right: Let Students Borrow at the Same Rate as Big Banks
Sign your name: Let students borrow at the same low rate as big banks.
Without action by Congress, student loan interest rates for millions of students will double from 3.4% to 6.8% on July 1st.
But Elizabeth Warren has a plan to fix the broken system: her bill would prevent that hike and take the additional step of cutting the rate to 0.75 percent -- the same rate that big banks are allowed to borrow at -- for one year until Congress can achieve a more permanent fix.
It's ludicrous that students pay nearly 10 times the interest rate of big banks, and we need to do something about it. Please sign your name today.