STUDENTS SHOULD CONSOLIDATE LOANS BY JULY 1

If you are a student, or a parent of a student, with federal college loans, I strongly urge you to consolidate your loans before July 1, 2006, when interest rates on outstanding loans are expected to rise to their highest rate in six years.

Since 2001, tuition and fees at four-year public colleges have increased by 40%.  The typical student borrower now graduates from college with a record $17,500 in education debt.  This is why I have introduced legislation, HR 1293, which increases the number of individuals that can afford to attend institutions of higher learning, while still treating all college students fairly.  To read more about my bill, please visit: www.house.gov/andrews/hr1293.htm.

For more information on how to consolidate loans, please visit: http://www.loanconsolidation.ed.gov.

Return to the Washington Updates Page