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- Aug 21, 2009
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A bill has passed the House of Representatives that addresses the upcoming increase in student loan interest rates for undergraduate loans. I do not believe that they are addressing those of us that currently have student loans fixed at 6.8%. I read that one Senator proposed a bill that would allow us with federally subsidized student loans to consolidate our loans at a lower interest rate like 4%.
I don't know how much it would help, but I urge you all to call your US senator and let them know the burden of debt that you are facing and urge them to address the problem of those of us with 100k+ student loans fixed at 6.8%+, not just the future increase in student loan interest rates.
FYI
The student loan debt load in the US is 1.1 trillion
The US department of education posted a record 51 billion profit from student loans this year.
The average graduating US medical student has 170k in student loans.
I don't know how much it would help, but I urge you all to call your US senator and let them know the burden of debt that you are facing and urge them to address the problem of those of us with 100k+ student loans fixed at 6.8%+, not just the future increase in student loan interest rates.
FYI
The student loan debt load in the US is 1.1 trillion
The US department of education posted a record 51 billion profit from student loans this year.
The average graduating US medical student has 170k in student loans.
