Update on June 27, 2012
Great news! Congress has reached a compromise on the hotly debated student loan issue. Senate leaders announced yesterday that they'd agreed on a deal to keep interest rates on student loans fixed at 3.4 percent for the next year. With more details soon to come, analysts say it's possible that the interest payments extension will be funded by increasing premiums on pension insurance.
Thanks to all of you who spoke up on behalf of our cash-strapped students. This breaking news affirms the power of our collective voices – together we can advocate for a stronger democracy and more secure future for all Americans!