Student Loans

Because Congress did not act by July 1, subsidized student loan interest rates doubled from 3.4 percent to 6.8 percent. And student debt in the United States already totals $1.1 trillion, more than credit card debt. 

Today, the Senate will vote on the Keep Student Loans Affordable Act, which would bring the interest rate back down to 3.4 percent for one more year while Congress can consider a long-term solution. The alternative proposal would be more permanent, but would tie the student loan interest rate to the market, with no cap. That may reduce the deficit, but on the backs of needy students! Read more »

At a time when the unemployment rate remains at a staggering 9% overall, young people are frustrated. Ideas are continuously being bandied across political news programs and between politicians. Unfortunately, it is rare to hear the ideas of those in my generation who may be the most affected by the lack of a real economic recovery in the long run.

Last week, alongside about 40 college students and recent graduates, I had the opportunity to attend the conference, “Jobs for Young Americans Day on the Hill” hosted by the Young Invincibles.

Commencing the day- long conference, we visited the offices of both Democratic and Republican law makers to discuss ways in which young people can obtain employment under the American Jobs Act; specifically the Pathways Back to Work Fund, which would provide industry based training for young adults, helping to prepare for long-term employment. Read more »