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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Tag Archives: student loans
Don’t Double My Rate Remix
May 31, 2013 
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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 […]
Read morePresident Obama: “Your voices can make a difference”
June 22, 2012 Comments Off
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 […]
Read morePresident Obama: “This is a no-brainer”
June 8, 2012 Comments Off
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 […]
Read moreSenator Udall Urges Support to Stop the Student Loan Interest Hike and Calls for Senate Rules Reform
May 10, 2012 Comments Off
Yesterday, Sen. Udall went to the Senate floor to voice his support for the Stop Student Loan Interest Rate Hike Act of 2012 and to urge Senate filibuster reform. The Republican filibuster of legislation to prevent the college loan interest rate hike is yet another example of the need to review the rules of the […]
Read moreRepublicans Vote to Block Student Loan Bill
May 9, 2012 Comments Off
Yesterday, Senate Republicans blocked legislation that would have prevented interest rates on student loans from doubling at the end of June. In a statement to reporters, Press Secretary Jay Carney expressed his dissatisfaction with the vote: “It is extremely disappointing that Republicans in the Senate today voted to ask millions of students to pay an average of […]
Read moreNo Time for Old Political Battles
April 27, 2012 Comments Off
On July 1, unless Congress acts, interest rates will double for more than 7.4 million students with federal loans. Fortunately, even though they voted just weeks ago in lockstep to allow this increase, Republicans in Congress have come around on the issue since President Obama took it to the American people – claiming they’re ready […]
Read moreHow College Affordability Would be Impacted in New Mexico Under the Republican Plan
April 26, 2012 Comments Off
For the first time ever, Americans owe more debt on student loans than on credit cards. If Congress doesn’t act by July 1st, more than 7 million students who rely on federal student loans will see their interest rates double from 3.4% to 6.8%. President Obama is calling on Congress to keep interest rates low, […]
Read moreDid you see: President Obama and Jimmy Fallon slow-jam the news
April 25, 2012 Comments Off
Stand with President Obama on keeping student loan rates affordable for over 7 million college students.
Read morePresident Obama’s Fighting to Prevent Student Loan Interest Rates from Doubling
April 24, 2012 Comments Off
When it comes to preparing Americans for the jobs of the future and growing a strong middle class, higher education has never been more important. It’s also never been more expensive. College tuition costs have been on the increase for years, and for the first time, Americans owe more debt on student loans than credit […]
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