Higher Ed

Resource | Higher Ed

College Groups to Congress: Don't Double Rates (Letter)

Letter from national colleges groups urging congress to prevent student loan interest rates from doubling this summer for nearly 7.5 million students. 

News Release | U.S. PIRG | Higher Ed

Congress Must Keep Their Eye on the Prize

Statement of Rich Williams, U.S. PIRG Higher Education Advocate, on the upcoming vote on H.R. 4628: "Unless a new plan is adopted by Congress, interest rates on subsidized student loans for nearly 7.5 million students will double on July 1st."

Report | U.S. PIRG | Higher Ed

The Cost of College Will Soar if Interest Rates Allowed to Double

The loans distributed by the U.S. Department of Education currently hold an interest rate of 3.4 percent. But that rate is set to double if Congress fails to act by July 1, 2012. If that occurs, millions of students will see their interest rates soar to 6.8 percent on the new loans they take in the next year thereby causing a steep rise in their loan burden and effectively increasing the cost of attaining a college degree.

News Release | U.S. PIRG | Higher Ed

President calls for extending lower interests on student loans to combat rising debt burden

Statement of Rich Williams, Higher Education Advocate for U.S. PIRG, on the President’s call for extending lower interests on student loans to combat rising debt burden.

News Release | U.S. PIRG | Higher Ed

Romney Endorses Low Interest Rate for Student Loans

Today presidential candidate and Republican Mitt Romney endorsed an extension of the low student loan interest rate for subsidized Stafford student loan borrowers. On July 1, the low 3.4 percent rate will double to 6.8 percent, unless Congress intervenes. Close to 8 million students will be negatively impacted.

Media Hit | Higher Ed

New York Times: Student Loan Interest Rates Loom as Political Battle

Rich Williams, the higher education advocate for U.S. Public Interest Research Group, said he thought about 14 moderate Republican senators might support the effort to keep the interest rates down. “This should be a bipartisan issue,” he said. “It’s something everyone gets.”

News Release | U.S. PIRG | Higher Ed

Ryan Budget Devastating to Pell, Windfall for Special Interests

Chairman Ryan's proposal recommends slashing Pell Grants which help more than 9 million students pay for college at a time of rising college costs, tight family finances and a job market that increasingly requires post-secondary education.

Issue | Higher Ed

Affordable Higher Education

While college attendance has grown over the past two decades, state appropriations and federal aid have failed to keep pace with the rising cost of college.

News Release | U.S. PIRG | Higher Ed

Students To Congress: Don’t Double Student Debt Rates

Washington, D.C. – With the student loan interest rate about to double this July for almost 8 million loan borrowers, US PIRG and coalition partners deliver over 130,000 letters to Congress urging a different plan.

News Release | U.S. PIRG | Higher Ed

College Affordability a Priority in Obama’s Budget

With the student loan interest rate about to double this July, President Obama proposed to halt the rate hike in his FY 2012 budget released today. “In this economy, the last thing we should do is double the interest rates on student loans.  Graduates already face high debt levels made worse by an uncertain job market,” said Rich Williams, Higher Education Advocate for US PIRG.  “Students and families need what the President offers in this budget, which is to keep interest rates low and provide more Pell Grant funding for students.”

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