Hey guys --
Because of you, Washington accomplished something big.
After rates on new student loans
doubled on July 1st, a group of lawmakers on both sides of the aisle
came together to help solve the problem. The compromise keeps rates low
for students, guaranteeing that borrowers can lock in low rates
currently available, and capping rate increases in the future.
Last Friday, President Obama signed that bill into law.And we have you to thank for it. It happened because you raised your voices, and Washington saw how much you cared about this issue.
Now, the typical undergraduate
will save about $1,500 on new loans this year. And that's incredibly
important for the sophomore waiting tables to pay tuition, or the senior
working in her college library to help make ends meet.
So
when President Obama signed the bill last week, there were students on
hand to talk about what this meant for them. It's a powerful thing to
watch.
This was your victory. You took
to Facebook and Twitter, you told your friends, and you made your voice
so loud and clear that you couldn't be ignored. You got it done.
But even with this success, we
need to make sure more Americans have access to higher education -- that
young Americans are preparing for the kinds of jobs we need in a 21st
century economy, and aren't saddled with mountains of debt while they do
it.
A college education is so
critical for success -- a lesson I learned from my parents, who worked
hard every day to make sure I had the opportunity to excel. It's a
lesson that rang true for me as ever when I watched these young students
tell their stories.
I hope you'll take a minute to watch, too:
Thanks!
Cecilia
No comments:
Post a Comment