Hunter College students demand Congress act to stop student loan rates from doubling

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

A huge deadline is looming for students and graduates with federal loans.

Hunter College students joined with members of New York’s congressional delegation to demand Washington act immediately to stop interest rates from doubling next week.

Representatives Carolyn Maloney, Charles Rangel and Gregory Meeks warn there will be dire consequences if Congress doesn’t stop Stafford loan rates from rising to 6.8%.

The lawmakers are co-sponsors of the “Student Loan Relief Act” which would delay the rate hikes for two years.

Conservative republicans want to see the rate tied to the 10-year Treasury note yield.

AlertMe
Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.