#itsourinterest

[attndotcom]

Allowing people to refinance student loans above 5% would have saved borrowers $14 billion in 2013. #ItsOurInterest

[genprogress]

Get the tools you need to make your voice heard at itsourinterest.org.

[genprogress]

70% of recent grads have student debt. How can loan refinancing help borrowers be financially stable?

[takepart]

We're at the @whitehouse delivering 300,000 signatures in support of student loan refinancing! #ItsOurInterest

[genprogress]

It's simple - invest in billionaires, or invest in students.

[genprogress]

Women aren't the only ones who face larger barriers to repaying student debt. Statistics released by Campus Progress and the Center for American Progress in a 2012 report, "The Student Debt Crisis," demonstrate how much heavier the student debt burden is for minorities. The report states that 27 percent of black bachelor's degree holders had more than $30,500 in loans, compared with 16 percent of white bachelor's degree holders. More black students who left school without finishing a degree cited student debt as the reason than their white peers – 69 percent versus 43 percent – and 74 percent of Latinos who opted out of attending college cited finances as the reason, the report states. There are several factors that create these discrepancies. A higher percentage of minority students graduate with student loan debt than their white peers and – as the report points out – have higher rates of unemployment, affecting their repayment power.

How Student Debt Affects Women, Minorities | U.S. News And World Report

Find out more on what we're doing to tackle the student debt crisis at itsourinterest.org

[genprogress]

While in the short term the President’s budget includes critical savings for millions of students and their families who will rely on federal student loans to pay for college, we are concerned by the long-term implications. Without a cap, a market-based rate means that future generations of students could face higher levels of education debt as a result of higher interest rates.

STATEMENT: Campus Progress Director Anne Johnson On President Obama’s Budget

[genprogress]

11 things America's student loan debt could pay for