- United States
- Wash.
- Letter
In support of HR2003
To: Rep. Larsen
From: A verified voter in Bellingham, WA
March 17
Student debt burden is a major financial obstacle for recent graduates, hindering their ability to build stable lives and contribute fully to the economy. The high interest rates on federal student loans compound this difficulty, creating an unsustainable cycle of debt. Lowering the interest rate on these loans to 2% would provide significant relief, allowing graduates to allocate more of their income towards essentials like housing, transportation, and building savings. This change would foster greater economic mobility and security for a generation confronting soaring costs of living. For the long-term prosperity of our society, we must ease the debt burden on those striving to join the workforce and pursue their ambitions after investing in higher education.