Letter: Do not increase student loan rates
Saturday, May 5, 2012
Congress must not allow the interest rate to double on student loans. On May 8, the U.S. Senate is set to vote on this. I carry $60,000 of student loans for my ex-wife and myself. The loans cannot be split because of our divorce. We were bound during our marriage to a spousal consolidation loan. Hence, I am the primary payer. If either of us were to pass away the other is liable for the full debt.
Where does the Thirteenth Amendment protect student loan borrowers? Especially in regards to spousal consolidation loans.
My dream: I would pay the original $9,000 I borrowed for college. What would I have bought with the money? College for my three kids and a home. Start a business. Congress, please realize students can’t afford for the interest rate to double.