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The short explanation of this alert was:

Tuition rates at four year public schools have skyrocketed by 40% since 2001.1 Today's typical student borrower is $17,500 in debt after graduating from college.2 Yet, earlier this year, Congress - in a virtual party line vote forced by the Republican majority - cut $12 billion out of student aid programs - even as interest rates on student and parent loans are being hiked UP this year. Instead of helping to deal with rising costs, the Republican-led Congress is making college more expensive.

In response, Rep. George Miller (D-CA) and Sen. Richard Durbin (D-IL) have introduced the Reverse the Raid on Student Aid Act of 2006, which would cut interest rates in half for students and parents -- a move that would save a typical student $5,600 in interest payments.

The Reverse the Raid Act will not move forward if the Republican majority continues to put special interests ahead of students, so please petition House Majority Leader, John Boehner (R-OH) to endorse the Miller-Durbin bill and lead the House to make college affordable.



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