ACC urges students to contact Congress about proposal to cut student loan programs
By Christine Johnson, All College Council executive vice president
In early November, the U.S. Senate will vote on a proposal that will cut $8.6 billion out of existing student loan programs to pay down the budget deficit.
If passed, this bill will force the typical student to pay $5,800 more in interest expenses over the life of their student loans, despite the fact that the average in-state tuition at four-year public colleges has risen by 36 percent since 2001. The proposed cuts to student aid will only widen the gap between the cost of college education and what students and families can afford to pay.
A strong U.S. economy rests on the best-trained and best-educated workforce. Tell your members of Congress not to pass the reauthorization of the Higher Education Act by calling (800) 574-4243. Ask Congress to invest in the future – yours and theirs!