Beyond Interest Rates: What Would Real Student Debt Reform Look Like?
If you have student loan debt or follow the politics of it, you're probably familiar with this deadline: On July 1, if Congress does nothing, the interest rates on subsidized federal Stafford loans will double from 3.4 to 6.8 percent. We absolutely don't want this to happen, since it would mean thousands of extra dollars of debt for many already low-income borrowers. Numerous proposals to address the looming rate doubling are being debated in Congress, and both sides of the aisle have already seen one bill each get voted down .
