TexPIRG Fidget Spinner 111417

What's New

Report | TexPIRG | Higher Ed

Doubling Student Debt Rates to Cost Texas Students $400 Million

Higher education advocates released new data today showing that an anticipated increase in the student loan interest rate would cost Texas students $400 million per year. The increase would affect federally subsidized Stafford loans, which are provided to almost 7.5 million low and moderate-income students nationwide each year. If Congress does nothing, then beginning on July 1st, the interest rate will double from 3.4% to 6.8% on new student loans.

> Keep Reading
Blog Post | Higher Ed

The New Student Battle Cry: Don't Double My Rate! | Melissa Cubria

The media and the country are just waking up to the alarming fact that unless Congress acts by July 1, the interest rate on subsidized Stafford student loans will double from 3.4 percent to 6.8 percent. Congress must not let that happen.

> Keep Reading
Report | TexPIRG | Higher Ed

The Cost of College Will Soar if Interest Rates Allowed to Double

More than 7 million students and their families rely on Subsidized Stafford Loans to help pay for college. The loans distributed by the U.S. Department of Education currently hold an interest rate of 3.4 percent. But that rate is set to double if Congress fails to act by July 1, 2012.

> Keep Reading
News Release | TexPIRG | Higher Ed

Interest Rate Hike Threatens College Affordability, Will Lead to 20% Increases in Cost of College Next Year

Today, TexPIRG, the Young Invincibles, the Center for American Progress, and Campus Progress released a joint report on the looming threat of a major hike in the federal student loan interest rate. If Congress fails to act by July 1, the interest rate for Direct Subsidized Stafford Loan will double, rising to 6.8 percent. 7.4 million American students will see the interest rates on their student loans double, effectively raising the average cost of college by over $1,000 for millions of students and their families.

> Keep Reading

Pages

Defend the CFPB

Tell your senators to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

Support Us

Your donation supports TexPIRG's work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Consumer Alerts

Join our network and stay up to date on our campaigns, get important consumer updates, and take action on critical issues.
Optional Member Code