With less than a week until student loan rates are set to double, former North Dakota Attorney General and U.S. Senate candidate Heidi Heitkamp called on the U.S. House today not to delay a fix to keep student loan rates from doubling at a roundtable discussion with students at Minot State University. She was joined by House candidate Pam Gulleson.
"I worked my way through college on student loans, and think it is shameful that the government is borrowing at less than 2 percent, and prepared to charge students 6.8 percent for student loans," said Heiktamp. "Both sides need to stop with the partisan games and scoring the political points, and stop these student loan rates from doubling."
According to the Project on Student Debt, the average amount of student loan debt for Minot State students was $20,272 in 2010, the most recent year available. 76 percent of students who graduated had student debt. Across North Dakota, a rate increase means that 22,000 students in North Dakota face the prospects of another $951 in student loan debt.