Washington—AFT President Randi Weingarten today called on Congress to act swiftly to pass the Student Loan Affordability Act introduced by Sens. Jack Reed (D-R.I.), Tom Harkin (D-Iowa) and Harry Reid (D-Nev.).
"America's college students must have the opportunity to focus on learning and pursuing their dreams, instead of having to worry about whether they can afford the next semester or will be able to repay tens of thousands of dollars in student loan debt. The Student Loan Affordability Act will prevent millions of students from seeing their loan debt and interest rates skyrocket.
"Allowing student loan interest rates to double would be a deep betrayal to our nation's young people. Congress must act swiftly to pass the Student Loan Affordability Act, and I commend Sens. Reed, Harkin and Reid for their leadership. But we can't stop there; no young person should have his or her dreams deferred or denied because he or she can't afford college. No college graduate should be saddled with crushing and unsustainable debt. Congress must continue to act to ensure every student has a fair shot at an affordable, world-class higher education."