Tell us your #DontDoubleMyRate story
From Portland to Medford to Eugene, in April Wyden met with students, college guidance counselors, and college presidents to discuss the importance of transparency in higher education and his Student Right to Know Before You Go Act. This bipartisan legislation will ensure future students and their families can make well-informed decisions about such things as post-graduation average annual earnings, credit accumulation and graduation rates, average cost of the program and average debt accumulation.
Throughout the events, Wyden heard many personal stories from students and families about the cost of a college education—the second largest expense most families will face in their life time.
Without congressional action, the Stafford loan interest rates are set to increase this summer from 3.4% to 6.8%, raising costs by $1,000 a year for approximately 119,220 students in our state. We want to hear from Oregonians. In the comments section below, tell us your story what doubling student loan rates would mean for you. Senator Wyden may share some of these stories in a speech on the Senate floor or here on his blog.