Senators are set Tuesday to vote on a terrible student loan deal that would ultimately raise rates to 8.25 percent for undergraduates and 9.5 percent for graduate students.
They claim the deal will lower rates from their current point of 6.8 percent, but this is only true for the short term. According to the Congressional Budget Office, by 2017 rates will rise past the 6.8 percent mark.
Our supporters have done a fantastic job reaching out to their senators in opposition of this bill – they made over 2,000 calls to the Hill in just one day in response to our action alert Friday. But our work isn’t done yet. We have to keep urging our senators to stop this bad student loan deal, and to vote no on it Tuesday. Sens. Elizabeth Warren (D-Mass.) and Jack Reed (D-R.I.) have already said they will be voting no tomorrow, so who else can we convince?
Thank you for your overwhelming response, and keep calling using this click-to-call page. Let’s stop this student loan misdeal and help our students.
