Get this: Student loan interest rates are about to double to 6.8 percent. But big banks? They’re getting a sweet deal on borrowing money from the Fed: 0.75 percent.
No, that’s not a typo. Students will be paying 900 percent more than the biggest banks on Wall Street to borrow money.
Our biggest banks don’t deserve another sweetheart deal. And educated young Americans looking for jobs, and looking to build a future for themselves, don’t deserve to see their interest rates skyrocket.
Our priorities are backward here. Students already graduate with mountains of debt -- we cannot allow their interest rates to double.
Sign your name to stand with Elizabeth Warren and Democracy for America in support of our students.