image: Obama - Biden --
In exactly one month, the interest rate for many federal student loans is
going to double, jumping from 3.4 percent to 6.8 percent.
This could mean that more than 7.4 million students who depend on federal
loans will pay an average of nearly $X more on the loans they borrow
next year.
If Congress fails to address this matter, a lot of students will be
affected in a very real way. I know that paying off student loans is hard
enough as it is -- I'm still paying off my own -- and we can't burden
students with even more debt.
The most powerful thing we can do right now is make sure Congress knows the
real impact that their failure to act will have.
Share your story about how student loan rates affect you, and what it
would mean if Congress lets your rate
double.
Your story may be highlighted as part of our effort to show just how
important it is for Congress to keep student interest rates low.
Last month, the President shared his and Michelle's student loan story on
Jimmy Fallon's show: "For the first 10 years of our marriage, we were still
paying stuff off, even when we were supposed to be saving for Malia and
Sasha. We didn't pay off all of our student loans until about eight years
ago."
The President knows that for thousands of families, raising interest rates
will mean less opportunity. That's why he's called on Congress to take
action now to prevent federal student loan interest rates from doubling on
July 1st.
It's our personal stories that will make our point to Congress loud and
clear. So whether you're a parent who can't save for your child's education
because you're still paying for your own, or a student who's worried about
your ability to afford a higher education, share your story today, and help
show Congress why they need to act now:
[url]
Or, submit a video telling your story. We're going to compile some of the
best ones we get, so get started here:
[url]
Thanks,
Buffy
Buffy Wicks
National Operation Vote Director
Obama for America
P.S. -- It'd be no fun to mention President Obama's appearance on Jimmy
Fallon's show without linking to this
video.
 image: Paid for by Obama for America 
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