GUSA campaign to halt doubling of student loans continues
Yesterday, the GUSA executives, Nate Tisa (SFS ’14) and Adam Ramadan (SFS ’14), delivered a petition to the Capitol, asking members of Congress to act in order to halt the doubling of Stafford student loan rates on July 1.
The petition, according to to a GUSA press release on June 19, was “born out of an effort of the [National Campus Leadership Council] in partnership with the Georgetown University Student Association.” The goals of the petition, according to the same press release, are “[to urge] Congress to keep several key principles in mind: keeping rates low, ensuring that repayment options are simple and predictable, and reinvesting cost savings back into financial aid. The letter also emphasizes that any market-based proposal should include meaningful protections against unpredictable, high interest rate environments, such as a cap on how high student loan interest rates can go.”
The campaign has been publicized through interviews with Fox News and ABC earlier this week in order to push the initiative further. It was also featured on the Huffington Post and POLITICO Huddle, where Tisa emphasized the wide scope of the bipartisan student effort. “If loan rates double … it makes it that much harder for millions of students already in college to scrape together enough money to stay in school,” he said in an email to POLITICO. “It puts higher education out of reach for kids in high school now. We understand the deficit implications of spending on student loans but it’s time to view them as an investment in the future.”
Tisa, pictured above with Georgetown College Dems president Trevor Tezel (SFS ’14) and student veteran Brandon Anderson (COL ’14), gathered for a press conference where Rep. Nancy Pelosi (D-CA) joined Rep. George Miller (D-CA) among others, spoke on the issue of student loans.
Anderson delivered remarks on the subject, as did Pelosi. “But I just want to say, we come together to join the students, our leaders, who are delivering a message to Washington,” she said. “It is the same message that John F. Kennedy sent in a letter to Congress over 50 years ago. He said: ‘Our progress as a nation can be no swifter than our progress in education. Our requirements for world leadership, our hopes for economic growth, and the demands of citizenship itself require the maximum development of every young American’s capacity.'”
The text of the petition below. So far it has garnered the signatures of 108 student government presidents, representing the interests of over 1 million students in 38 states. There is also an online version at Change.org, that bears 211 signatures at the time of posting.
Photo: Erin Armstrong