1. United States
2. S.D.
3. Letter

It is imperative to address the immense burden of student loan debt on individuals and families across the nation. The exorbitant interest rates associated with federal student loans have perpetuated a vicious cycle, hindering borrowers' ability to achieve financial stability and undermining their economic mobility. The Affordable Loans for Students Act presents a commonsense solution by retroactively lowering the interest rate on federal student loans to a reasonable 2%. This bipartisan measure will provide much-needed relief to millions of Americans, enabling them to pay off their debt more efficiently without the added strain of excessive interest accumulation. By easing this financial burden, we can empower individuals to invest in their futures, pursue homeownership, save for retirement, and contribute to the overall economic prosperity of our communities. It is time to prioritize the well-being of our citizens and ensure that access to higher education does not come at the cost of insurmountable debt. I urge you to support this crucial legislation and stand in solidarity with those striving for a better life through education.