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With the federal loan interest rates set to double on July 1 college students across the United States are taking action.
At the moment interest rates are at a fixed rate of 3.4 percent.
-- will double to six point 8% of -- unable to reach a compromise.
With the rising cost of college tuition every year seven point four million college students resort to borrowing from the federal government.
But even with the low answers straight.
Nation -- -- debt exceeds one trillion dollars an average student graduates with 27250.
Dollars -- debt.
College students are at the forefront of the -- -- don't double -- -- campaign advocating for congress to reach a compromise.
We spoke with one such group of students at Georgetown University student association were helping lead this campaign.
Student doesn't rise across the country so we wanted to advocate for the students represented.
And when we talked to other student body presidents we found out this was an issue that really cut across the nation.
I began to come up in the news that the rates -- going to be hike in July 1 so we decided to take action.
My feeling my father's -- small business owner.
-- are the back of the economy and these families like my own can't afford take on the student that sort trying to apply this principle.
Of Stanley is can afford more -- and are ready debt ridden economy and we're trying to promote opportunities for students instead of a decades of like that.
Both parties have proposed legislation.
But -- proposal has been unsuccessful.
House Republicans passed the student loan bill that would not establish a fixed interest rate by law.
But instead allow interest rates that fluctuate.
Depending on the government's cost the bar.
Republicans have a plan to make those student loans simpler.
And smarter for the students so we can encourage them to go on a college.
The house Republican plan however failed to reach -- sixty votes -- needed to pass in the senate.
And -- -- -- from President Obama it made it to the white.
Simple we've got to make sure that federal student loan rates don't double on -- like -- Now the house rep and has already passed a student loan bill and I'm glad that it took action but.
Unfortunately -- bill does not meet that test and fails to lock in.
Low rates for students -- The senate Democrats plan would have kept interest rates at their current rate.
For another two years but failed to reach the sixty votes needed.
Well all these bills are compromise and we are also Anderson copper -- but we need to make sure that there is a cap on student loan rates.
But -- you loan rates are kept affordable.
And that's something that hasn't exactly been addressed in the legislation but we're working with members of congress to see at these concerns are addressed.
And if -- can't get that bill passed were hoping to have a two year extension so that the future of America our students.
Doesn't have enormous and that.
But with no agreement in Washington the Georgetown University student association has been taking their own initiative.
That we can come together -- hoping that congress can also come together.
We were all taking action to local level with the local media what our own campuses with a local representatives to encourage them to find a solution as problem quick.
And then we're also taking some collective national action in addition to.
Doing -- petition getting in touch of media and raising the priority of this issue.
Registered voters are in almost complete agreement about student loan rates.
Public policy polling released a new poll showing more than four out of five voters want to keep interest rates where they are were -- As the clock winds down talks of a bipartisan bill in the senate.
Has been coming up -- appears to be gained popularity from lawmakers certainly is tremendous -- for the -- and don't double moderate camp.
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