Giving Students Relief on their Federal Loans

Nowhere have costs skyrocketed more than in higher education. Sadly, with high interest rates, making even a dent in the principal balance can be a challenge. That's why I just introduced the Affordable Loans for Students Act, which will lower the interest rate on federal student loans to one percent, retroactively applying that rate adjustment to outstanding loans and zeroing out the remaining balance if a one-percent interest rate from the beginning at total loan payments to-date would have paid off the loans. This bill will make higher education easier to access and student loans easier to pay back, instilling confidence in the affordability of college for all borrowers.

Do you support capping the interest rate on federal student loans? Let me know by filling out my survey below.

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