April 24, 2013 (Washington D.C.)--Congresswoman Susan Davis (D-CA) cosponsored legislation to block the doubling of interest rates on Stafford student loans set to kick in July of this year. The Student Loan Relief Act (H.R. 1595) would continue the current 3.4% rate through 2015.
“We need to ensure that access to higher education stays within the reach of middle class and lower-income families,” said Davis, a senior member of the House Education and the Workforce Committee. “If we want our children - and America, for that matter - to be competitive in the global economy, access to an affordable college education will be key.”