Congresswoman Laura Richardson Answers Your Questions!
Statement
Issues: Higher Education
Last week, Quentin Scott asked: What are you doing to prevent the interest rate on federal student loans from doubling on July 1?
Answer: As this time, 7.4 million low- and middle-income students are counting on Congress to extend the current interest rate on federal student loans. Maintaining access to a quality and affordable education is central to preserving America's status as a center for academic research and technological innovation. I am a cosponsor of H.R.3826, which will amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.
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