CAP en Español
Small CAP Banner

STATEMENT: Campus Progress’s Anne Johnson on Student Loan Rate Senate Deal

Party Leaders Reach Deal to Keep Interest Rate on Stafford Loans Steady

  • print icon
  • SHARE:
  • Facebook icon
  • Twitter icon
  • Share on Google+
  • Email icon

Contact: Madeline Meth
Phone: 202.741.6277

Washington, D.C. — Responding to months of activism by students and higher education advocates, press reports indicate that Senate leaders have reached a deal to prevent the interest rate on subsidized Stafford student loans from doubling on July 1 for 7.4 million students.

Anne Johnson, Director of Campus Progress, released the following statement:

With this important vote, millions of students will be able to return to school knowing that they will be able to afford their education. Thanks to the leadership of President Barack Obama and Sens. Harry Reid (D-NV), Tom Harkin (D-IA), Sherrod Brown (D-OH), and Jack Reed (D-RI), along with the thousands of student activists who made their voices heard, both parties have come together to find a bipartisan solution that prioritizes college affordability and helps more than 7 million students.

This is a huge victory for students, who faced a $1,000 hike if Congress failed to act. Higher education is a proven pathway to success and keeping it affordable and accessible for every interested American is crucial to strengthening the middle class and cultivating long-term economic growth.

Campus Progress has led the way in raising students’ voices. We coordinated in-state lobby visits, made phone calls, gathered petition signatures, sent students to meetings at the White House with President Obama and Vice President Joe Biden, held press conferences, released reports on Stafford loans, and organized a massive Student Debt Lobby Day on Capitol Hill where hundreds of students and young people met with their senators and called on them to take action.

The following experts are available to comment:

See also:


To speak with our experts on this topic, please contact:

Print: Liz Bartolomeo (poverty, health care)
202.481.8151 or

Print: Tom Caiazza (foreign policy, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or

Print: Allison Preiss (economy, education)
202.478.6331 or

Print: Tanya Arditi (immigration, Progress 2050, race issues, demographics, criminal justice, Legal Progress)
202.741.6258 or

Print: Chelsea Kiene (women's issues,, faith)
202.478.5328 or

Print: Beatriz Lopez (Center for American Progress Action Fund)
202.741.6255 or

Spanish-language and ethnic media: Rafael Medina
202.478.5313 or

TV: Rachel Rosen
202.483.2675 or

Radio: Sally Tucker
202.481.8103 or