We’re days away from student loan interest increases. The near-apocalyptic $1 trillion of debt from student loans may entirely collapse if Congress doesn’t act to stem interest rates and come up with real solutions. The expiration of current rates for undergraduate students would shift interest from 3.4 to 6.8 percent.
Student loans and the interest associated are stemming home, car, and retirement savings for an entire generation. The Great Recession Kids are an entirely new sub-generation, raised under the auspices of biting unemployment, burgeoning debt, and corrupt markets. This American economy trusts and relies on the consumerism of many. But, what if our debts prevent us from contributing like this?
EDUCATION MUST BE
ACCESSIBLE AND AFFORDABLE.
We are a country that promotes and prides itself on accessibility to quality education. But this is semantically motivated. We do have an exceptionally accessible education, but it’s not affordable. Student loans are the bridge to a top-notch education. Unfortunately, the bridge is widening – the tuition rates are escalating and students are suffering. We cannot continue with the status quo.
Even if government acts to prevent an increase in student loans for one more year, this will only kick the can a little further. We need real, substantial solutions. Education must be accessible and affordable. Without the two, it will eventually disintegrate.
Whether you’re a student, parent, friend, educator, or family member, I’m urging you to contact your Representatives and Senators. We can make a difference on this issue. The easiest way to contact them is by clicking this link: http://www.capwiz.com/apapolicy/issues/alert/?alertid=62718336&type=CO. Fill out your zip code and it will automatically pre-populate letters to Congress.
All you have to do is email. Make your voice heard. This isn’t just about my interest, it’s in your interest, too.
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