Tag Archives: Student loan

The StudentDebtCrisis.org Chatroom is Now Open!

Ever feel as if there’s nobody you can talk to about your student debt situation?  Feeling alone with nowhere to turn?  At StudentDebtCrisis.org, we know how difficult it can be for some folks to navigate the world of student loans all on their own.
That’s why we just installed a brand new chatroom on our website.  We envision this chatroom to be a safe, judgement-free space where you can talk honestly and openly about your student loans with similarly-situated people who understand exactly what you’re dealing with.
The chatroom is open 24/7 for everyone to use, however; we also plan to use this space to have moderated chats on specific topics from time to time.
The topic of the first moderated chat is: The Consequences of Defaulting and How to Avoid That Fate, which will be held on Wednesday, September 18th at 6pm EDT (3pm PDT).  Please mark your calendars accordingly.
Thank you, as always, for your continued support.  Now, let’s get to chatting!
The StudentDebtCrisis.org Team Follow us on Twitter Join us on Facebook
P.S. Don’t forget: there’s still time to submit your own video to the #OutWithStudentDebt Video Project!  Record a 1-2 minute video of yourself talking about how student debt has affected your life, upload it to YouTube using the hashtag #OutWithStudentDebt in the title of the video.  That’s it!  Simple, quick and easy!


By  CAP Action War Room

Compromise Set to Lower Student Loan Interest Rates

Student loan rates for undergraduates doubled on July 1 from 3.4 percent to 6.8 percent, threatening to further increase college costs for millions of already-strained students.

Fortunately, a bipartisan deal has emerged in the Senate that looks set to lower interest rates before students head back to campus.  Here are the main elements of this compromise:

  • It immediately and significantly lowers interest rates, giving students the certainty they need to make borrowing decisions.
  • It ties student loan interest rates to the market, allowing students to immediately take advantage of today’s low rates.
  • It caps overall rates to help protect students from interest rate increases in the years to come.
  • It sets the interest rate at a fixed rate for the entire life of the loan in contrast to a GOP proposal that would’ve allowed the rate to change every single year the loan remained outstanding.

You can find out more details about this plan and why it matters HERE.

This can all be a little confusing, but the immediate impact is pretty simple. Here’s what will happen as soon as this compromise becomes law:

BOTTOM LINE: 11 MILLION students will save an average of $1,500 as a result of the student loan compromise the Senate is going to vote on tomorrow. Young people need Congress to act right away to pass this deal.

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A deal reached

The White House, Washington

Hi, everyone —

We’ve got some good news to share! Senators from both parties have come up with a plan to reduce the interest rates on student loans. Once it becomes law, rates on every single new college loan will come down before the start of the school year.

Because of this agreement, 11 million borrowers will save money, and we need help to make sure that everyone gets the details. The graphic below breaks down all the facts, and gives parents, undergrads, and grad students the information they need to know what they can expect in the years ahead.

Check it out, then share it to help spread the message.

Check out this graphic about student loan rates.




Cecilia Muñoz Director, Domestic Policy Council The White House @Cecilia44

Transportation and Student Loan Bills … get signed

President Obama Signs Transportation, Student Loan Bill Friday, July 6, 2012     Washington, DC

President Obama signed HR 4348, the bill passed by Congress on the last day before the 4th of July recess, which includes the transportation and student loan interest rate bills.

More Info »

Senator Patty Murray: Working for the People in the Other Washington

June 29th – Senator Murray Secures Major Victory for Washington State Ferries

Republican Senators began a filibuster to block a bill that will prevent student loan interest rates… read more