Tag Archives: student loans

Senator Tom Udall Statement on Senate Vote on Student Loan Rates

U.S. Senator Tom Udall  issued the following statement after voting against a measure that would allow interest rates on federal undergraduate subsidized Stafford Loans to rise to as high as 8.25 percent: “After listening to this debate and weighing both sides, I couldn’t endorse this bill. I can’t support any measure that balances the budget on […]

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Senator Heinrich Votes On Bipartisan Bill To Lower Student Interest Rates

U.S. Senator Martin Heinrich voted for the Bipartisan Student Loan Certainty Act of 2013, a bill that lowers and caps interest rates on federal student loans, and protects borrowers from dramatic increases in the future. The proposal would cut rates on all new loans this year and save a typical undergraduate student in New Mexico $1,392 […]

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Senators Tom Udall and Martin Heinrich Call for Investigation of Allegations that “Debt Relief” Firms are Exploiting Students

U.S. Senators Tom Udall and Martin Heinrich have called on federal officials to investigate allegations that so-called “debt relief” companies have been using deceptive practices to profit from students seeking assistance in repaying their college loans. The federal government provides tools to help students manage their college loans free of charge, but a new National […]

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LULAC Disappointed Over Senate Decision to Increase Student Loan Rates

Yesterday, the Senate failed to garner sufficient support to restore the student loan rate to 3.4 percent. Based upon the failure to act, the student loan rate has doubled and now stands at 6.8 percent. Margaret Moran, National President of the League of United Latin American Citizens (LULAC), released the following statement on the Senate’s […]

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House Republicans Actually Pushing Plan That Makes Students Pay More

After letting student loan interest rates double last week, Speaker John Boehner and House Republicans had the gall to rally today outside the Capitol this week in support of their plan that would actually increase college costs for students. Boehner and House Republicans passed a plan earlier this year that would actually pinch students’ wallets […]

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Senator Tom Udall Fighting to Keep Student Loans Affordable

Despite efforts by Udall and others to forge bipartisan agreement, Congress has not yet acted to keep student loan interest rates down U.S. Senator Tom Udall issued the following statement about the automatic interest rate hike on new subsidized federal undergraduate Stafford loans, which went into effect today, doubling the interest rate on these loans: […]

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Senator Tom Udall Statement on Student Loan Interest Rates

U.S. Senator Tom Udall today issued the following statement on the Senate’s failure to advance legislation that would prevent federal student loan rates from doubling on July 1st. Senator Udall is a cosponsor of S. 953, the Student Loan Affordability Act, which would extend the 3.4 percent interest rate for two years. “As the cost of higher […]

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Don’t Double My Rate Remix

In a little more than 30 days, interest rates on many new federal student loans are set to double – meaning college gets more expensive and more out of reach for millions of students and middle class families. Sound familiar? That’s because we did this last summer. Students all over the country told Congress “Don’t Double My Rate,” and President […]

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President Obama: “Your voices can make a difference”

With less than 10 days left for Congress to prevent interest rates on student loans from doubling, President Obama calls on students to tell lawmakers: double down on America’s future, don’t double my rates. President Obama talked to a group of college students in Washington, D.C. yesterday about why we need to pressure Congress to stop student […]

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President Obama: “This is a no-brainer”

President Obama visited students at the University of Nevada-Las Vegas yesterday to talk about why Congress needs to act now to keep student loan interest rates from rising: “If Congress doesn’t act by the end of this month, by July 1st, interest rates on federal student loans will double overnight. “That means the average student […]

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